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Apparently, the People’s Bank Of China is considering using blockchain technology to power the Digital Yuan CBDC. The coin, also known as Digital renminbi or digital RMB, has been in beta-testing for a while now. However, Di Gang, deputy director of the Digital Currency Institute of the People’s Bank of
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For a minute there, it seemed like the FUD was over. The People’s Bank of China contributes to its country’s crypto-crackdown at the “Financial Knowledge Popularization Month,” People’s Daily Online reports from Beijing. Speaking at an event, Yin Youping, Deputy Director of the Financial Consumer Rights Protection Bureau of the
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The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has recently “cleaned up and rectified” 11 new companies suspected of engaging in illicit crypto trading.The report did not
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The Information Commissioner’s Office (ICO) has launched a public consultation on its draft international data transfer agreement (IDTA) and guidance. When organisations send
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13 October 2020 Information Commissioner Elizabeth Denham highlights the positive results of the ICO’s engagement with the UK devolved administrations on the use
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Jennifer Lopez will receive the People’s Icon Award at the 2020 E! People’s Choice Awards.Throughout her career, she has opened doors for the Latinx community, but does she really deserve an icon award?She’s always trying to stay relevant, but the only thing she has lately is her sex appeal and
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The Shanghai No. 1 Intermediate People's Court publicly announced an appeal for a Bitcoin foreign property damage compensation dispute on May 6, according to Baidu news. The second Court trial’s findings indicated that Bitcoin is a digital asset and should be protected by the law. All Bitcoin obtained through illegal means
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the
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