CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being “freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC). In a Mar. 13 op-ed in The Hill, Christopher Giancarlo, nicknamed “Crypto Dad” for his pro-crypto outlook, said the U.S. “must [...]

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China's Central Bank Digital Currency (CBDC)

China's Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities' mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments. (Read More)

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Bank of China: Digital yuan transactions volume crossed $14B mark

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.

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Residents of 3 Chinese cities paying taxes and charges with digital yuan

China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.

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China-based regulatory and trade associations target NFTs in latest risk notice

“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations.

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Tencent files for patent related to virtual concerts in Metaverse

Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators.

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Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy

Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout.

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Chinese crypto ban poses no threat to local industry media, sources say

Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram.

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Crypto's impact on sanctions: Are regulators' concerns justified?

Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption.

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New decentralized stablecoin in China targets international trade

Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.

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Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira

Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According to experts on [...]

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Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users

No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.

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