China plans to give CBDC to state employees in pilot scheme
The scheme will see government employees in Suzhou paid 50% of their travel subsidies for May in digital currency.
The scheme will see government employees in Suzhou paid 50% of their travel subsidies for May in digital currency.
China is set to finally launch its national blockchain platform in the coming week, seeking to become the undisputed global epicenter of the technology.
The state-backed Tus Data Asset firm was distributing medical supplies to combat the coronavirus before the state intervened.
Agricultural Bank of China has launched a test app for the PBoC’s digital currency, giving the first real insight into how people will interact with the CBDC.
The central government committee is to be made up of some 71 members, including senior executives from Tencent and Baidu.
Tesla has completed a blockchain pilot with a Chinese shipping company, testing if the technology can make the shipping process easier, faster and cheaper.
Blockchain scammers in China have been misleading investors to believe they are associated with the Olympics and they can help them invest in special products.
The central bank said it would continue the development of a digital currency, with a view to launching as soon as practical..
Economics researchers have created a blockchain-based digital court in Japan, aiming to make the legal process efficient, accessible and cost-effective. %%sitename%% news for %%date%%.
The National Internet Finance Association cautions investors against using digital currency exchanges outside the country.
The Chinese central bank appears to have finished developing the digital currency’s basic function.
ICOs took a huge beating in 2019, with funds raised going down by 95% in 2019. Venture capital firms are filling in the gap, with China now closing in on U.S.