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Search results: China

As China’s DCEP approaches launch, Facebook’s Libra pivots

This week has been one where big changes came fast and furious on the opposite sides of the central bank digital currency world.  First, alleged screenshots of a mockup of the People’s Bank of China central bank digital currency’s mobile app were published, giving the public a taste of the apparent functionality of the platform […]

China’s blockchain vision focuses on efficiency, not cryptocurrency

The Chinese government has identified blockchain technology development as an issue of national importance, along with other emerging technologies such as AI, deep learning and IoT. President Xi Jinping has outlined the importance of blockchain technology to China’s industrial maturity, urging continued development so China can lead the way in defining international standards.

Opinion | Why Technology is Forging China’s Critical Path

Executive Summary It has been 40 years since Deng Xiaoping launched China’s Open Door Policy. By several metrics, China’s economic miracle has been extraordinary, with some 800 million people lifted out of poverty in just a few decades and the country playing a critical role in the global economy. But this growth was neither stable […]

A China central bank exec is leading a cryptocurrency course on app De Dao

Mu Changchun, the Deputy Director at the People’s Bank of China (PBOC), launched an online audio course about Libra and digital currency in a popular Chinese education app De Dao on August 4, 2019. It is not the first time Mu talked about Facebook’s cryptocurrency Libra and digital currency. After Facebook announced Libra in June […]

In Conversation with Da Hongfei, Neo: China-Born Digital Asset Protocol

Chinese blockchain companies received a substantial windfall following President Xi Jinping’s bullish support for the development of the technology, and Shanghai-based Neo was one such enterprise. Forkast.News Editor-in-Chief Angie Lau sits down with Da Hongfei, Co-Founder of Neo to find out about the technology and how it will affect various industries in China. Key Highlights […]

President Xi Jinping Endorses Developing Blockchain Technology in China

President Xi Jinping emphasized the development of blockchain technology and called for more research, investment, and regulations for it on October 24. “Blockchain plays a core role in the next round of technological innovation and industrial transformation,” said Xi according to comments recorded by news agency Xinhua during a meeting with members of the Communist […]

Forkast.Insights to Launch the “China Blockchain Report” Following HK FinTech Week

Forkast.Insights, the research vertical of Forkast.News, will be releasing the “China Blockchain Report” in its new report series about blockchain technology in countries around the world. The report, which has been months-in-the-making, will be released off the heels of Chinese President Xi Jinping’s recent endorsement of the need to accelerate the development of this technology […]

Opinion | China Moving Full Speed Ahead with Digital Currency and Regulating Blockchain

While many other countries have been taking a back seat and waiting to decide how exactly they should approach blockchain technology, China has been proactively exploring its application in decentralized finance. This week China announced a certification system to regulate a broad range of fintech products. China is clearly priming itself to become a leader […]

Opinion | The Future of Money Isn’t Libra or Chinacoin, it’s Federated

Bank of England Governor Mark Carney recently called for a global digital currency, expressing a desire to move beyond the US dollar hegemony as the world’s reserve currency, but also avoid having another national currency, such as China’s renminbi (or their newly announced digital currency), replace it. While some might point to private sector initiatives such as Libra […]

China Telecom Introduces its Blockchain SIM Card Project

In anticipation of China Telecom’s new blockchain SIM card project, Director of its Blockchain Research and Development Departments, David Wei Liang, peaks to Angie Lau, Editor-in-Chief of Forkast.News, about the reasoning behind embarking on the project, the product’s uses and implications, and the timeline of its adoption. The time is ripe for telecom companies to […]

WATCH: Why is China’s Central Bank Launching a Digital Currency? Chicago Booth Economist Explains the Impact

Key Highlights “[A central bank’s digital currency is] a huge database using the hash function, chain technology. There’s no distributed ledger portal.” “[The People’s Bank of China] have been working on CBDC for about four years now.” “One of the areas where I really think blockchain could help is on trade finance. When I say […]

Opinion | Rising U.S.-China Trade War Tensions Highlight Need for a Viable Stablecoin

In the midst of rising U.S.-China trade war tensions over sanctions against Iranian oil, investors are likely to look to bitcoin and other cryptos as alternative options to traditional stocks and other fiat-driven investments. While uncertainty in traditional markets has benefited the crypto market, volatility remains a substantive issue for investors seeking long-term price stability. […]

How the U.S.-China Trade War Impacted Hashgraph (Part IV)

Key Highlights Hedera Hashgraph will devote capital from the fundraise to grow enterprise sales and double down on regulatory The governing body for Hedera Hashgraph was designed to be distributed and representative of all constituencies from a global perspective Listen to the full podcast version of this interview Transcript of Part IV Liquidity and market. […]

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