Chinese bank publishes first-ever banking blockchain white paper
A major Chinese bank has published the first-ever banking blockchain white paper showcasing the potential of blockchain tech in finance. The blockchain-based financial application white paper by The Industrial and Commercial Bank of China (ICBC) is grabbing eyeballs. It is rare to see white papers associated with blockchain technology being published by commercial sector banks. […]
Can CBDCs and crypto ideals coexist?
CBDCs is an oxymoron as it seems contrary to true crypto ideals. Cryptocurrencies are gaining traction across the globe. Their mainstream adoption is increasing every day, and real-world use cases are also on the rise. Whether it is cross-border remittances or anonymous privacy-focused payments, cryptocurrencies are increasingly becoming part of the general psyche. And now, […]
China blockchain committee of 15 set up for digital yuan standard
The Chinese government together with its federal governments are getting much involved in blockchain technology to accelerate innovation in the entire nation. Recently, the Chinese government published an official notice claiming they had set up an official China blockchain committee, made up of 15 organizations to conceive standards for China’s blockchain and DLT. Moreover, the announcement […]
Digital Yuan creation on course, People’s Bank of China
Digital Yuan creation is going as planned as per the People’s Bank of China (PBC). According to the April 11 announcement, the Chinese Central Bank is fast-tracking on the project and plans are at an advanced stage. Sina Finance, a local media outlet says that PBC held its‘ financial presentation’ on April 10. The bank […]
China CBDC launch is due to happen very soon?
The China CBDC launch is one of the most important milestones in the history of central bank digital currencies (CBDCs), the cryptocurrency history, and the global economic history. Media reports are buzzing that the central bank of China, The People’s Bank of China (PBoC) is moving step by step towards issuing its national digital currency. […]
