China is launching a national cryptocurrency. A couple of weeks ago, it became known that on April 25, 2020, China will launch its national blockchain platform called BSN (Blockchain Service Network). The Chinese government, if you can believe that. Cryptocurrency advocates remain massed and ready to rush the barricades of traditional finance. February 12, 2020 Topic: Security Region: Asia. Over the past decade, China has had a turbulent relationship with the cryptocurrency market. The list grew to 11 cities and provinces in 2020 including Shanghai, and PBOC deputy governor Li Bo said in April this year that more trials could be rolled out. In this article, we’ll tell you what information is already known about the project at the moment as well as how it may change the financial world. Other than that Reuters reports that a division of the government is looking to use blockchain and AI for cross border finance, October 27, 2019. China is certainly competing with the US on every aspect. China's "digital currency/electronic payment" platform, known as DC/EP or the digital renminbi, is the anti-crypto currency. Why China’s Cryptocurrency Matters More Than Bitcoin. While it was one of the biggest forces in the industry at one point, Chinese investors have almost all but pulled out in 2020. Tags: China Cryptocurrency Geopolitics Economy Bitcoin The Emergence of a China-Backed Cryptocurrency in the Era of the Digital Yuan China’s State Planning Commission Proposes Ban on Cryptocurrency Mining Bitmain Says its New Equihash Cryptominer 3X Faster Plattsburgh Lifts Moratorium on … China just passed a law regarding data encryption and cryptography that is set to be implemented in early 2020. Who will rise to lead this charge? While the cryptocurrency revolution is intently focused on moving many away from centralization, this is the opposite, despite the words ‘digital currency’. May 23, 2020 May 23, 2020 markhelfman. “Education [of investors on bitcoin] isn’t necessary any more,” said Flex Yang, founder and CEO of the Hong Kong-based cryptocurrency financial services firm, in an interview with the South China Morning Post. By the time PlusToken went bust at the end of June last year, it had close to 2.7 million members with more than 3,200 levels of investors. Officially banned in China in 2017, bitcoin and other cryptocurrencies are now making their way to mainstream acceptance with the help of Chinese-run start-up Babel Finance. Cryptocurrency China’s Central Bank Moves Closer To Digital Coin Launch ... examines consumers’ shopping practices and preferences during the 2020 … Regardless of home or abroad, there should be no moral equivalence or whataboutism when it comes to repressive behavior.
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