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Changchun Mu

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

By Paddy BakerDec 23, 2019

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Latest Crypto News

Yesterday

7:33 PM

Positive

BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows

During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.

6:52 PM

Negative

BTC0.00%

U.S. DOJ hits Paxful for $4 million in case tied to illegal sex work, money laundering

The crypto platform's penalty was sharply reduced due to its ability to pay, according to U.S. authorities.

6:18 PM

Neutral

Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE

Dubai and Abu Dhabi have established a solid regulatory framework for virtual assets, and each region has brought this under the auspices of a single, dedicated regulatory authority.

6:06 PM

Neutral

Gen Z 'nihilism' is fueling a $100 trillion crypto derivatives boom in response to a broken system

A significant increase in housing costs makes home ownership unattainable for many Gen Z individuals, leading to financial nihilism, said CoinFund's David Pakman.

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