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China is ready to start own crypto-currency

Employees of the People’s Bank of China said that the five-year work on the official cryptocurrency of the country has been completed, they are ready to launch it “in the near future”. Mu Changchun, deputy head of the bank’s payment division, added that its architecture and prototype are ready. “We…

Chinese Yuan will become cryptocurrency (CryptoYuan)

INSEAD professor and co-founder of the Blockchain Research Institute (BRI) Don Tapscott (Don Tapscott) said that the yuan – the official Chinese currency – will become a cryptocurrency (CryptoYuan).  In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official…

10000 Bitcoins on a market drops

Chinese businessman Mike Kai in an interview for a local newspaper Sina Finance said that he could achieve his personal goal – to accumulate 10 thousand bitcoins. Mr. Kai is the founder of the well-known photo application in China Meitu. He is also known as the angel investor of start-ups.…

South Korea ‘Legalizes’ Cryptocurrency Trading

Wilma Woo | Bitcoinist South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading. 6 Banks On Board For Change In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit…

The China Effect on Blockchains and Cryptocurrencies Future

In the past 3 weeks, news that the Chinese government was cracking down on ICOs and forcing cryptocurrency exchanges to halt trading has sent the markets tanking. Trading volumes on the cryptocurrency exchanges are down significantly, and the pull-back in activity is not just from the Chinese Yuan and exchanges,…

China thinks about own CryptoYuan vs normal currency.

Observers have the impression that China is buying up a lot of bitcoins and gold right now. The crisis in the stock market began in July, and a massive devaluation of the national currency occurred in August and September. The commission on foreign exchange control ordered to check financial institutions…

How will CryptoYuan affect Bitcoin?

The People’s Bank of China (NSC) recently announced the possible launch of its own digital currency. The intentions of the Chinese financial authorities and the technical details of this project are still unknown, however, regardless of the form of implementation of this idea, the consequences for the crypto-currency world are…

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