The testing phase of China's central bank digital currency (CBDC) initiative has so far conducted 4 million transactions, according to Yi Gang, the governor of the People's Bank of China (PBoC).Yi spoke virtually at the Hong Kong Fintech Week event o 3 CBDC Projects, Bitcoin Lightning Hits Pool, Verizon Taps Blockchain + More News Source: Adobe/hobbitfoot Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Sponsored Links CBDCs news The digital yuan has already surpassed the 4 million transaction mark, said its operatorsRead More The world’s largest Bitcoin exchange wants to change the way the authorities see Bitcoin, at least in China, where cryptocurrency could become a legal form of payment for goods and services. Bloomberg reports that BtcChina has had low-level discussions with regulators in order to seek recognition of the digital currency. The exchange has recently talked with representatives fromRead More The use of Chinese digital yuan has been nearing $300M for a while now as more than 2B digital yuan has been spent in 4 million transactions Binance USD, a U.S. dollar-backed stablecoin, has surpassed $100 million in market capitalization, chipping away at a market still dominated by Tether’s TUSD. Also known as BUSD, the token is traded almost exclusively on the Binance exchange and its market cap – which roughly corresponds to the total value of dollars deposited with its issuer,... After a week of turbulence in the Chinese Bitcoin market, a representative of the People’s Bank of China decided to talk about cryptocurrency at an economic forum. According to Yi Gang, it would be impossible for the country’s central bank to recognize Bitcoin as a legitimate financial instrument in the near future. Binance; Kraken; Lead Generation! (+600% Your List) Posted on May 30, 2020 by BGC Admin. China Passes Law Protecting Cryptocurrency Inheritance. China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have ...
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