Tag: China

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Today in Crypto: ETFs ‘May Account for 10%’ of BTC Market Value in 3 Years, Jacobi Lists Europe’s 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC, Dasset Exchange Begins Liquidation

August 16, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: ETFs ‘May Account for 10%’ of BTC Market Value in 3 Years, Jacobi Lists Europe’s 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC,…
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Mbridge Project Has Observers Worried About Advances of the Digital Yuan

August 15, 2023

The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar and bypassing established sanctions systems. Mbridge Project Worries Observers The…
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‘Green Finance’ Options Emerge for China’s Digital Yuan

August 15, 2023

More Chinese firms are using the digital yuan, the nation’s central bank digital currency (CBDC), to access funding for “green” business projects. Per Nanfang Daily News (via SouthCN), an electronics firm in Guangdong Province, Southeast China, became the first company in the province to access a digital yuan-powered “green finance” loan as “application scenarios of…
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Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?

August 15, 2023

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022. Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97 million transactions. The city, a key port on…
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Chinese man sentenced to 9 months in prison for buying $13K in USDT

August 14, 2023

China has harshly enforced its crypto ban since the start of the year, cracking down on individuals and projects alike. An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether…
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BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say

August 14, 2023

The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross domestic product (GDP), it could become a counterpart of the G7 group of developed economies,…
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CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

August 11, 2023

The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States. CBDC Is the ‘Latest Trojan Horse of the Great Reset,’ Opponent…
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Pentagon forms ‘Task Force Lima’ to map generative AI for US defense

August 11, 2023

Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities. The United States Pentagon has launched a new task force to look into how generative artificial intelligence can be used for the nation’s defense. On Aug. 10, the Pentagon announced the formation of “Task Force Lima” which…
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US and China AI-tech standoff shows signs of spreading to other countries

August 10, 2023

The ongoing spat between the United States and China over emerging tech like AI continues as U.S. President Joe Biden restricts investments. The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems. A tense relationship is developing…
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Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

August 10, 2023

More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of the People’s Bank of China (PBoC)…. Read More: Rise…
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