Collective Availability

Live Crypto Data & News

Crypto Business Directory

China Testing Digital Currency in Major Cities, Including Beijing and Hong KongCryptocurrencies accepted here.

 ▹ Crypto News - Selected / Posted 2 months ago / 61 views

China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said.

China Announces Testing of Central Bank-Backed Digital Currency in Major Cities

China’s Ministry of Commerce announced Friday that a pilot run of the country’s central bank digital currency (CBDC) will begin in “Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region.”

According to the ministry, the digital yuan is already under trial in four cities: Xiongan New Area in North China’s Hebei province, Shenzhen in South China’s Guangdong province, Suzhou in East China’s Jiangsu province, and Chengdu in Southwest China’s Sichuan province. It will also be tested during the 2022 Winter Olympics games in Beijing, and be expanded to other regions as appropriate, the ministry added.

“The rollout of central bank digital currency is conducive to efficiently satisfying people’s demands for legal tender under the digital economy, to improving the convenience, security and anti-counterfeiting level of retail payment, as well as accelerating the development of the country’s digital economy,” Yi Gang, governor of the People’s Bank of China (PBOC), previously explained.

China’s four major state-run commercial banks have also started large-scale internal testing of a digital wallet app, the official electronic communication website of the State Council of the People’s Republic of China detailed on Friday. Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China are piloting the digital renminbi with the central bank in major cities, including Shenzhen.

The announcement describes:

Users in the trial can use the digital wallet to top up accounts, withdraw money, make payments, and transfer money after registering with their mobile phone number. The banks are also testing a scenario where users can transfer money without internet.

As news.Bitcoin.com reported, companies that have reportedly been testing the PBOC-backed digital currency include Chinese vehicles for hire company Didi Chuxing, McDonald’s, Starbucks, Subway, JD Supermarkets, Tencent, and Ant Financial.

 

  • As of: : Aug 17, 2020
  • 🟢 THIS ARTICLE HAS BEEN PUBLISHED FROM A WIRE AGENCY FEED : WITHOUT MODIFICATIONS TO THE TEXT.
  • Ⓒ AUTHOR OF THIS ARTICLE : KEVIN HELMS - https://news.bitcoin.com/author/kevin-helms/
  • 🖥 SOURCE LINKS : https://news.bitcoin.com/china-digital-currency-major-cities-beijing-hong-kong/
  • 🗿 IMAGES & CHARTS COURTESY OF : Shutterstock, Pixabay, Wiki Commons, Bitcoin.com
  • ⚖️ OVERALL SAFETY & TRUSTWORTHINESS (5-STAR RATING) : ★★★★★
  • 🎡 TWITTER USERNAME/HANDLE FOR FEEDS : @BTCTN
Contact details

⇦🌎⇨ Globally Located http://Bitcoin.com

Contact this listing owner

Please, login to contact this listing owner.

"The inside disk, where the data is stored, there should be a good chance that it still works," said the man who accidentally threw away a hard drive with 7,500 #BTC. #bitcoin http://zpr.io/HWkTE

One #Ethereum user explained that the “fees on Uniswap are insane," as #cryptocurrency traders complained of fees above $100 in #ETH. http://zpr.io/HWJvQ

Tucker Carlson and Atilis Gym owner Ian Smith discussed #cryptocurrencies, after the state allegedly seized $173k from the gym owner. #Bitcoin http://zpr.io/HWJMM

"This crime greatly undermined fairness and trust in cryptocurrency transactions. This is bad." #Cryptocurrency http://zpr.io/HWSBt

Although #Marcos Galperin says #bitcoin is a better store of value than gold, he dismisses the idea that #cryptocurrencies can actually replace fiat currencies. #BTC http://zpr.io/HWiut

Although a timeline is not set yet, there are forecasts that both Whatsminer and Bitmain could be listed in the U.S. in the next two years #Cryptocurrency #Bitcoin http://zpr.io/HWC8z

He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” says DOJ. http://zpr.io/HW5pb

The firm admitted that they could do “a better job in communicating” regulatory obligations and requirements to their customers #Cryptocurrency #Bitcoin http://zpr.io/HW39Z

"There is no guarantee that it's still working ... but there are things that give me confidence," said the man who accidentally threw away a hard drive with 7,500 #BTC. #bitcoin http://zpr.io/HWkTE

"Having a national bank charter places Anchorage firmly on the same regulatory footing as other national banks in the country." #bitcoin #cryptocurrency http://zpr.io/HWwNz

The investigation unveiled that he and other executives received almost $771,270 worth of BTC (at the time) for arranging the listing of a coin named "S" #Cryptocurrency http://zpr.io/HWSBt

"For the Nigerian youth, #bitcoin represents the democratization of access to global wealth and a #decentralized economy where they too can participate." http://zpr.io/HWDSb

Due to the surge in crypto mining machines’ price, Whatsminer’s revenue could hit $1 to $2 billion in 2021 #Cryptocurrency #Bitcoin http://zpr.io/HWC8z

"An Etoro spokesperson says #crypto markets are incredibly volatile at the moment and the weekends present the greatest challenges." http://zpr.io/HWDtr

Coinbase’s system reliability is often on the radar when #Bitcoin volatility heats up, especially when it reaches new all-time highs #Cryptocurrency #Bitcoin http://zpr.io/HW39Z

"In the spirit of open-mindedness, I’m striving to learn" about #bitcoin, says Oaktree Capital's chairman, who is thankful his son "owns a meaningful amount" of bitcoin. #btc http://zpr.io/HW8zZ

"The OCC grants conditional approval to Anchorage to launch the first federally chartered #crypto bank in the U.S." #bitcoin #Anchorage http://zpr.io/HWwNz

"The key to creating some type of stability in the market is to see an increase in the participation of institutional investors," says Goldman Sachs. #btc #bitcoin #cryptocurrency http://zpr.io/HWb4K

"Senator Ihenyen, the president of #SIBAN, says for a country such as Nigeria where the median age is 18.4, interest in #bitcoin should be expected." http://zpr.io/HWDSb

"#Bitcoin $38k is nice, but I am still waiting for that larger monthly jump— The point of no return," Plan B said during the price rise. http://zpr.io/HWubY

Load More...

Averaged Rating

0
(0)

How useful was the contents of this page?

Click on a star to rate it!

We are sorry that this listing was not useful for you!

Let us improve this listing!

Tell us how we can improve this listing?

 

☕️ SOCIAL COMMENTS


Start advertising / promote all your crypto related businesses / organizations at 'Bullxo Cryptocurrency Network (BullxoNet)'. All free, no strings attached!
              

About Us, BullxoNet ★ We are a passionate, bull hugging and kissing team with a high standard ethical code of conduct striving for the adoption of cryptocurrencies into the mainstream. Let's successfully achieve the 4th industrial revolution and change the whole world together with cryptocurrencies and blockchain! Join today to contribute to this revolution while accessing all of our free and up-to-date data and services for your success with cryptocurrencies!

Internal Links - Top-50 Out of 234 Cryptocurrency Exchanges:  ‣ Binance ‣ OKEx ‣ ZB.COM ‣ DigiFinex ‣ BW ‣ HitBTC ‣ CoinBene ‣ Huobi ‣ Bithumb ‣ Bibox ‣ IDAX ‣ Bit-Z ‣ LBank ‣ EXX ‣ OEX ‣ P2PB2B ‣ Negocie Coins ‣ DOBI trade ‣ BitMart ‣ LATOKEN ‣ BCEX ‣ OOOBTC ‣ CoinTiger ‣ RightBTC ‣ TOPBTC ‣ IDCM ‣ ChaoEX ‣ Upbit ‣ Simex ‣ LocalTrade ‣ DragonEX ‣ KKCoin ‣ CoinEgg ‣ Allcoin ‣ JEX ‣ Bitfinex ‣ Sistemkoin ‣ CoinMex ‣ Gate.io ‣ Coinbase Pro ‣ Exrates ‣ Bitinka ‣ Hotbit ‣ Kraken ‣ Cryptobulls ‣ Bitstamp ‣ ABCC ‣ Kryptono ‣ Fex ‣ Bittrex

Internal Links - Top-100 Out of 1,900 Cryptocurrencies:  ‣ Bitcoin ‣ Ethereum ‣ XRP ‣ EOS ‣ Litecoin ‣ Bitcoin Cash ‣ Binance Coin ‣ Cardano ‣ Tether ‣ Stellar ‣ TRON ‣ Monero ‣ Dash ‣ Bitcoin SV ‣ Tezos ‣ IOTA ‣ Ontology ‣ Ethereum Classic ‣ NEO ‣ Maker ‣ NEM ‣ Basic Attention Token ‣ OKB ‣ Zcash ‣ VeChain ‣ USD Coin ‣ Dogecoin ‣ Bitcoin Gold ‣ Augur ‣ Decred ‣ Holo ‣ Lisk ‣ OmiseGO ‣ TrueUSD ‣ Waves ‣ Nano ‣ Qtum ‣ Nectar ‣ ChainLink ‣ 0x ‣ Bitcoin Diamond ‣ Zilliqa ‣ ICON ‣ Ravencoin ‣ Bytecoin ‣ Paxos Standard ‣ IOST ‣ Bytom ‣ aelf ‣ BitShares ‣ Enjin ‣ DigiByte ‣ Aeternity ‣ Pundi X ‣ Verge XVG ‣ Komodo KMD ‣ Siacoin SC ‣ KuCoin Shares KCS ‣ Steem ‣ Huobi Token ‣ Dai ‣ Stratis ‣ Status ‣ Factom ‣ Mixin ‣ Crypto.com ‣ Golem ‣ MonaCoin ‣ Theta Network ‣ Decentraland ‣ Ark ‣ WAX ‣ Ardor ‣ Aurora ‣ GXChain ‣ Waltonchain ‣ DigixDAO ‣ ODEM ‣ Ultrain ‣ MaidSafeCoin ‣ Reddcoin ‣ Dent ‣ Aion ‣ Gemini Dollar ‣ HyperCash ‣ Zcoin ‣ Power Ledger ‣ Electroneum ‣ Nebulas ‣ Loopring ‣ Horizen ‣ QASH ‣ Revain ‣ Elastos ‣ NEXO ‣ QuarkChain ‣ Loom Network ‣ Loom Network ‣ Populous ‣ PIVX


Copyright ©2019 All rights reserved | This website is provided with love by BullxoNet.