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Since 2014, the People’s Bank of China (PBoC) has been exploring a virtual asset transactions system and now will be launching a pilot test of its national cryptocurrency in two major cities in China, Shenzhen and Suzhou. By doing so, People’s Bank of China is developing the next step for
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Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China.On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain
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The bond issuance is part of the country’s effort to support entrepreneurs with more efficient access to capital. As of September, the bank has lent 404 billion yuan ($57.7 billion) to more than 410,000 small and micro sized enterprises, the bank said. Source
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The bond issuance is part of the country’s effort to support entrepreneurs with more efficient access to capital. As of September, the bank has lent 404 billion yuan ($57.7 billion) to more than 410,000 small and micro sized enterprises, the bank said. Source
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This time we're talking winners and losers in China's increasingly top-down crypto industry, the implications behind former CFTC chairman Giancarlo's just-announced move to white-shoe law firm Willkie Farr & Gallagher, and more. Source
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When Chinese President Xi Jinping announced strong support for blockchain technology last month, pundits suggested that China would soon overtake the United States in dominating blockchain innovations. Our patent research at the Blockchain Center of Excellence at the University of Arkansas finds that China is already winning the Intellectual
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Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent years, and
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Big Four audit firm KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. Dubbed KPMG Origins, the tool is designed to increase transparency and traceability of processes in multiple industries such as agriculture, manufacturing and financial services, the firm announced on Nov. 28.The
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With crypto prices moving after almost every positive or negative bit of news related to China, gold and silver markets have been
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Welcome to CoinDesk Markets Daily, a new podcast that gives you all the trading news you need in 10 minutes. Source
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