China

Ripple's Larsen Says US Risks Losing Stewardship of Global Financial System to China, Disses SEC
Chris Larsen said China's "itching" to be the one that designs the next financial system, and that the U.S. is "woefully behind."

Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.

China's Central Bank, Major City to Hand Out $1.5M in Digital Yuan
A local report suggests the pilot is an indication the digital yuan is close to being launched.

China Central Bank Official Reveals Results of First Digital Yuan Pilots
Approximately RMB 1.1 million, or $162 million, have changed hands in 3.1 million initial digital yuan transactions.

Ripple Chairman Says Firm Could Leave US if Regulatory Environment Doesn't Change
Ripple has threatened to leave the U.S. if crypto regulation doesn't change.

Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work
A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019, but it appears this last resort wasn’t enough to save the company.

China State Media Make Rare Reports Calling Crypto 2020's Best Performing Asset
Several Chinese state-owned media companies have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment.

China Sees Advantages in Being First on New Digital Currency 'Battlefield'
The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)

VeChain to Supply Blockchain Tech for Chinese Food Safety Group That Includes McDonald's
The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA) and will work with members to trace supply chains in the country.

Binance-Backed Travala.com Enters China's Fast-Recovering Travel Market
"In China, the recovery is happening now and very fast,” said Travala.com CEO Juan Otero.

