China’s digital yuan adoption drive is now focusing on transport networks. And drivers have been green-lighted to use the token to pay tolls on some of the nation’s busiest highways. Per Shenzhen Securities Times and Sina Finance, Jiangsu Province’s Department of Transport has announced that toll booths on sections of Nanjing’s various expressway routes have…
Read more
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3. Cryptocurrency exchange Gate.io is gearing up to launch a presence in Hong Kong following the local government’s planned 50 million Hong Kong dollar ($6.4 million) cash injection into Web3 under the…
Read more
In a push toward reclaiming its position as a global crypto hub, Hong Kong has outlined plans to allow retail investors to trade certain digital currencies on licensed exchanges. On Monday, Hong Kong’s Securities and Futures Commission (SFC) published a consultation paper on its proposed regulatory regime for crypto trading platforms. The new rules are set to…
Read more
Up to 40 suspected crypto scammers are facing prosecution in China – with 10 already standing trial. Per Jimu News, 10 of the alleged scammers are being tried at the Enshi (Hubei Province) branch of the People’s Court on fraud charges. The public prosecution agency claims that the “gang” of alleged fraudsters was active from…
Read more
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.” De-Dollarization and CBDCs: Monetary Historian Suggests a…
Read more
Bitcoin whales are guiding BTC price around $25,000 and caution is needed, analysis warns. Bitcoin (BTC) spent another day tackling $25,000 on Feb. 20 as analysts continued to warn over market manipulation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin buoyed by “Notorious B.I.D.” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making up…
Read more
Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind. Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor and co-founder of crypto exchange Gemini. His comments have come amid an increase in…
Read more
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong. China Banking and Insurance News (via JRJ) reported that the event is the brainchild of the central People’s Bank of China (PBoC) and the Luohu District local government. Luohu is located close to Hong Kong’s New Territories…. Read More: China Begins Hong…
Read more
Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund. Bridgewater Executive’s Recession Warning Karen Karniol-Tambour, Bridgewater…
Read more
China has launched a state-backed research center dedicated to exploring blockchain’s potential and achieving core technological breakthroughs related to the technology. … Read More: Chinese Government Sets Sights on Blockchain Future with New Center – Here’s What You Need to Know Read more »Sign up for e-EUR – the progressive stablecoin
