Search results: China crypto ban

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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.

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 […]

WATCH: How Cryptocurrencies are Becoming an Asset Class: Marc P. Bernegger, Crypto Finance

Cryptocurrencies have become a new target for investors shying away from politically volatile alternatives. As an on-going trade war between the United States and China and the U.K.’s exit from the European Union threatens the stability of conventional markets, more and more traditional investment entities have started experimenting with decentralized assets. Forkast.News’ Editor-in-Chief Angie Lau […]

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 […]

Making it Rain in Bahrain – Joseph Dallago talks Cryptocurrency in the Middle East

What is the world of cryptocurrency like in the Middle East? How does it differ from other markets, and what challenges and opportunities arise from dealing with the industry in that region? Forkast.News Editor-in-Chief Angie Lau sits down with Joseph Dallago, Co-Founder and CEO of Rain, the first Bahrain-based digital currency exchange, in order to […]

Who Will Win the Race to Rule Crypto Payments?

For many people, cryptocurrencies remain an abstract idea removed from everyday life. Most people aren’t even aware of the technology. But one application that can push cryptocurrencies into the mainstream is payments. Making it easy and safe for consumers and businesses to pay bills, buy and sell stuff, and deposit and withdraw funds offer significant […]

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 […]

BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down

In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]

LISTEN: Pegging Cryptocurrency to the Global Economy Growth?

Key Highlights There is a huge demand [for stablecoins] out there. When we look at the global economy, we’re suffering as a result of the US-China trade wars. The trade fluctuations this year have been defined by this growing tension between the US and China. Stablecoins are something that people inevitably will look at. We’ve […]

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. […]

LISTEN: U.S., Lithuania, and International Regulators Discuss the Potential and Need for Cooperation in Governing Cryptocurrency (Part II)

Key Highlights The inherent differences in policy that result from country-specific priorities and demands lead to opportunities for arbitrage across borders. It is in the interest of all parties involved to prevent this from happening, even if that means compromising on certain rules. The input of drastically different nations on their experiences with regulating cryptocurrency […]

WATCH: U.S., Lithuania, and International Regulators Discuss the Potential and Need for Cooperation in Governing Cryptocurrency (Part II)

Key Highlights The inherent differences in policy that result from country-specific priorities and demands lead to opportunities for arbitrage across borders. It is in the interest of all parties involved to prevent this from happening, even if that means compromising on certain rules. The input of drastically different nations on their experiences with regulating cryptocurrency […]

Paris Blockchain Week Summit (Part I) — Leading Financial Regulators Shed Light on the Universal Struggle to Regulate Cryptocurrency

Key Highlights From a regulatory standpoint, there is ample reason for governments and institutions to be interested in the cryptosphere. Giles Ward references how it stands to pose “investor protection and market integrity risks.” Marius Jurgilas, Board Member of the Bank of Lithuania, thinks about the potential for blockchain technology to be used in the […]

Why AAX Built a Crypto Exchange with London Stock Exchange Technology

Forkast.News Editor-in-Chief Angie Lau sits down with Peter Lin, CEO of AAX at the Mobile World Congress in Shanghai for this episode of “In Conversation With” Lin is about to launch a new digital asset exchange using London Stock Exchange trade-matching technology to provide an institutional grade platform to attract investments from hedge funds and […]

Capital Flees Crisis Hit Hong Kong, Crypto Among Safe Havens

Hong Kong – The fallout from a controversial extradition bill proposed by Hong Kong’s pro-China Chief Executive Carrie Lam has reportedly triggered capital flight and Bitcoin trading at a premium in the city. Massive demonstrations against the bill, including one that saw an estimated 2 million of Hong Kong’s 7.5 million people march on Sunday, […]

Can Cryptocurrencies Restore Japan’s Former Economic Glory?

Key Highlights Introducing digital currencies would allow countries like Japan to incentivize economic behavior, such as putting greater spending power in peoples’ hands Japan’s demographics make it an interesting test case: given its shrinking population and risk-averse culture, what is the balance between harnessing innovative technology like blockchain? Japan currently taxes cryptocurrency gains at 55% […]

Investors May Flock to Crypto as Central Banks Back Off Interest Rate Hikes

For investors, risk assets appear more attractive, at least in the near-term, as global central banks walk back plans to raise interest rates. The Federal Reserve’s dovish pivot in recent months has fueled a rebound in stocks. Although some people remain skeptical of the recent rally, investors don’t seem to have many alternatives given the […]

Top 5 NFT trends to watch in 2022

NFTs are finding novel uses across many sectors, from fashion to real estate. What industries stand to benefit most from this technology in the year ahead?

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