China
China's Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on 'Tea'
Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.
China's Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.
$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges
The Chinese government cracks down on the crypto exchanges (again), but Binance has been benefiting.
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
World's Second-Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin
China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China's Capital
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.
