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If the rumors are true, then China changed to a digital currency overnight. Apparently, China shut down all ATM’s, seized all cash and forced their citizens to change to a Digital Yuan. 00:00 Intro 02:43 Digital Yuan 19:39 Prophecies 23:51 Totalitarian Government 26:40 Our Sponsors
If the rumors are true, then China changed to a digital currency overnight. Apparently, China shut down all ATM’s, seized all cash and forced their citizens to change to a Digital Yuan. 00:00 Intro 02:43 Digital Yuan 19:39 Prophecies 23:51 Totalitarian Government 26:40 Our Sponsors
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In crypto news today Fidelity International tokenizes money market fund on JPMorgan's Ethereum based Blockchain. DeFi Technologies adopts Bitcoin treasury strategy. HSBC China rolls out e-CNY Digital Yuan services for corporate clients
Hong Kong's Crypto Exchange Licensing Dynamics: HTX initially withdrew its application for a crypto exchange license in Hong Kong but quickly reentered the race, reflecting the volatile nature of the regulatory and business environment in the region. This move underscores the challenges and uncertainties faced by crypto businesses seeking to operate within Hong Kong's evolving regulatory framework, which aims to position the city as a Web3 hub. However, these ambitions are reportedly under threat due to the shifting regulatory landscape, affecting the city's appeal to blockchain and crypto enterprises.South Korea's ETF Developments: South Korea appears to be backtracking on its previously positive stance towards a spot Bitcoin ETF, indicating a cautious or reconsidered approach to cryptocurrency investment products. This change reflects the broader regulatory and market uncertainties influencing crypto-related decisions in the country.Digital Yuan's Growing Adoption: China continues to expand the adoption and integration of the digital yuan, navigating through payments and regulatory challenges. The development and implementation of this central bank digital currency (CBDC) are closely watched as it could set precedents for global CBDC initiatives and influence the broader landscape of digital payments and currency regulation.APAC's Diverse Crypto Regulations: An overview of how ten Asia-Pacific (APAC) markets are approaching crypto regulation reveals a diverse array of strategies, from strict oversight to more open and encouraging frameworks. This diversity highlights the complex patchwork of regulatory attitudes towards cryptocurrencies across the region, affecting everything from innovation and investment to consumer protection.________News Links
27th Feb : Crypto & Coffee at 8
Pushpendra Mehta meets with Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following: 1:40 Part 1: Top 8 areas of priority for corporate treasury in 2024 10:54 ING to ditch upstream oil and gas business by 2040 19:05 Asian Development Bank bullish on growth in India and China 24:26 China uses digital yuan for gold cross border payments
Guest post by Maggie Herbert is a big fan of tech and someone who's really into investing in cryptocurrencies. Over the past ten years, cryptocurrency has swept the financial world off its feet, and there are no indicators that this trend will slow down. With the explosive growth of Bitcoin and the introduction of several altcoins, the world of digital currencies is always changing. Looking into the crystal ball of the future, what can we anticipate for the year 2024 and the years beyond? This essay will examine the fascinating prospects that the bitcoin industry has to offer. What could cryptocurrency offer in 2024 The Power Source of Cryptocurrency The underlying technology of cryptocurrencies, blockchain technology, will keep developing. It has already been used in a number of sectors, including supply chain management and healthcare. More cutting-edge applications of blockchain are expected in the upcoming years, including enhancing governance transparency, protecting personal information, and transforming the gaming sector with blockchain-based assets. The Emergence of CBDCs, or Central Bank Digital Currencies Globally, central banks are experimenting with virtual currencies of their own. Leading the way are the Digital Euro of the European Central Bank and the Digital Yuan of China. The goal of these CBDCs is to preserve government oversight and regulation while offering the advantages of cryptocurrencies, such as quick transactions and lower fraud. This may give the cryptocurrency space more acceptance and validity. Digital Money and Property From Virtual Currency to Physical Assets Beyond digital assets, cryptocurrency is starting to leave its effect in the real estate sector. Cryptocurrencies allow buyers to buy real estate in a variety of global locales. Blockchain technology guarantees safe, transparent transactions, which has the ability to completely transform the real estate industry and increase its accessibility to a worldwide clientele. How NFTs Affect Things The newest thing in town is Non-Fungible Tokens (NFTs), which stand for distinct digital assets that might range from virtual real estate to digital art. NFTs could start to appear in even more facets of our life in 2024 and beyond, such as concert tickets and educational credentials. Our creativity is the only restriction on their possible applications. Tighter Regulation Monitoring Innovation and Security in Balance Regulators will probably intervene as the bitcoin industry expands to safeguard investors and maintain market stability. It's critical to strike the correct balance between security and creativity. Anticipate more nations to formally codify their tax laws and regulations pertaining to cryptocurrencies, since this would lend further credibility to the sector. Safeguarding Your Assets with a Crypto Wallet App Before entering the realm of digital currency, one must have a crypto wallet app. To manage, store, and exchange your cryptocurrency holdings, these applications offer a safe environment. You may take advantage of mobile payments and access your assets from any location with a crypto wallet app. To safeguard your assets, make sure you use trustworthy wallet software. The Rise of Decentralized Finance (DeFi) Bank-Free Banking In the realm of cryptocurrencies, Decentralized Finance, or DeFi, has gained popularity for providing a variety of financial services outside of conventional banking establishments, including lending, borrowing, and trading. DeFi platforms have the potential to become strong substitutes for traditional banks for a large number of individuals. The Compatibility of Blockchains Shattering Obstacles Future developments should see a rise in blockchain interoperability, allowing for smooth asset transfers and cross-chain capabilities. As a result, there will be more flexibility and efficiency, which will make it simpler for people to explore the complicated world of cryptocurrencies. The Crypto Revolution in Green Climat...
The Elite are planning to create a Global Financial Crisis the likes of which the world has never seen. “Out of the Ashes of this financial crisis will rise the phoenix of a New International Economic Order”. If they can cancel your bank balance with a single keystroke, then you have no freedom. You are a slave to the system and completely beholden to the Elite. 00:00 - Elite Planning Global Financial Crash 06:27 - Global Government 10:34 - “Ordo Ab Chao” 14:57 - The Beast 18:39 - Social Control 23:53 - Very Bad News about Digital ID’s 25:48 - Digital Yuan used for Oil Deal 27:38 - Joseph’s Kitchen 29:54 - Cornerstone Asset Metals
The Elite are planning to create a Global Financial Crisis the likes of which the world has never seen. “Out of the Ashes of this financial crisis will rise the phoenix of a New International Economic Order”. If they can cancel your bank balance with a single keystroke, then you have no freedom. You are a slave to the system and completely beholden to the Elite. 00:00 - Elite Planning Global Financial Crash 06:27 - Global Government 10:34 - “Ordo Ab Chao” 14:57 - The Beast 18:39 - Social Control 23:53 - Very Bad News about Digital ID’s 25:48 - Digital Yuan used for Oil Deal 27:38 - Joseph’s Kitchen 29:54 - Cornerstone Asset Metals
The Elite are planning to create a Global Financial Crisis the likes of which the world has never seen. “Out of the Ashes of this financial crisis will rise the phoenix of a New International Economic Order”. If they can cancel your bank balance with a single keystroke, then you have no freedom. You are a slave to the system and completely beholden to the Elite. 00:00 - Elite Planning Global Financial Crash 06:27 - Global Government 10:34 - “Ordo Ab Chao” 14:57 - The Beast 18:39 - Social Control 23:53 - Very Bad News about Digital ID’s 25:48 - Digital Yuan used for Oil Deal 27:38 - Joseph’s Kitchen 29:54 - Cornerstone Asset Metals
The Elite are planning to create a Global Financial Crisis the likes of which the world has never seen. “Out of the Ashes of this financial crisis will rise the phoenix of a New International Economic Order”. If they can cancel your bank balance with a single keystroke, then you have no freedom. You are a slave to the system and completely beholden to the Elite. 00:00 - Elite Planning Global Financial Crash 06:27 - Global Government 10:34 - “Ordo Ab Chao” 14:57 - The Beast 18:39 - Social Control 23:53 - Very Bad News about Digital ID’s 25:48 - Digital Yuan used for Oil Deal 27:38 - Joseph’s Kitchen 29:54 - Cornerstone Asset Metals
https://www.youtube.com/watch?v=KLA-sWBmo9E #2023 #art #music #movies #poetry #poem #photooftheday #volcano #news #money #food #weather #climate #monkeys #horse #puppy #fyp #love #instagood #onelove #eyes #getyoked #horsie #gotmilk #book #shecomin #getready
An Asian Perspective on CBDCs & Cross-border Payments In this episode Dr. Efi Pylarinou talks to Dr Oriol Caudevilla, an honorary fellow at the Asian Institute of International Financial Law at the University of Hong Kong and a board director at the Global Impact FinTech Forum, about his research on the Digital Yuan and Cross-border payments, and CBDCs in the East.Description: A conversation with Dr Oriol Caudevilla, an important Fintech voice and a CBDC researcher. Dr Oriol Caudevilla is an influential voice in the fintech area. He is an honorary fellow at the Asian Institute of International Financial Law at the University of Hong Kong and a board director at the Global Impact FinTech Forum. He is also a well-known international speaker on central bank digital currencies and blockchain.More information about Oriol and his works are available at his website: www.oriolcaudevilla.com and LinkedIn profile: https://www.linkedin.com/in/oriolcaudevilla/ Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms https://linktr.ee/Efiglobal
LISTEN TO THIS ONE AND WEEP VIEW THE TRANSCRIPT AT WWW.PETERNAVARRO.SUBSTACK.COM The US dollar as the world's reserve currency and the “SWIFT” system for global money transfer represent the twin pillars of a transparent international financial system capable of policing criminal activities and deterring rogue nations from conduct outside international norms. Today, both pillars are crumbling as Communist China strategically pushes adoption of its new digital currency, the “digital yuan.” SUBSCRIBE NOW TO THE SUBSTACK AND PLEASE WRITE A REVIEW OF THIS PODCAST. LET'S SPREAD THE TAKING BACK TRUMP'S AMERICA WORD!
In this week's episode: Evergrande's offshore debt restructuring hits another roadblock, CATL's revolutionary battery has its eye on electric flight, a Chinese city is paying civil servants in digital yuan, and China's president affirms the country's commitment to peace in Ukraine.In addition, Kaiser speaks with Jonathan Breen about chipmaking equipment export restrictions and how Dutch and Japanese companies might still manage to sell into China.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Join me today for Episode 711 of Bitcoin And . . . Topics for today: - Gold-backed Digital Currency is a lie - When the Student is Ready . . . - WEF Rolls Climate Friendly Bitcoin Footage? - North Carolina is Making Uneducated Guesses about Bitcoin - China Public Servants Forced to get Paid in Digital Yuan? - AI Crypto Scammers are Here - Average Joe Doesn't Care About Decentralization - Everyone Knew FTX was Front-Running Trades #Bitcoin #BitcoinAnd #BTC Articles: https://www.coindesk.com/policy/2023/04/24/zimbabwe-to-introduce-gold-backed-digital-currency-report/ https://bitcoinmagazine.com/culture/helping-strangers-understand-bitcoin https://cointelegraph.com/news/wef-s-promo-video-shows-bitcoin-mining-but-it-leaves-out-the-b-word https://bitcoinmagazine.com/legal/north-carolina-house-introduces-bill-that-would-ban-bitcoin-payments-to-state https://cointelegraph.com/news/chinese-city-public-servants-to-receive-digital-rmb-salaries-from-may https://decrypt.co/137519/crypto-scammers-used-ai-create-fake-ceo-regulators-say - https://www.cnbc.com/futures-and-commodities/ - https://bitinfocharts.com/ - https://bitcoin.clarkmoody.com/dashboard/ - https://mempool.space/ https://decrypt.co/137589/decentralized-twitter-alternatives-bluesky-and-nostr-are-growing-with-some-growing-pains https://bitcoinmagazine.com/culture/how-to-pitch-bitcoin-like-a-salesman https://decrypt.co/137619/average-person-doesnt-care-about-decentralization-centralization-arthur-hayes https://decrypt.co/137506/arthur-hayes-market-makers-ftx-front-running https://cointelegraph.com/news/china-to-expand-cbdc-use-case-for-belt-and-road-initiative Find me on nostr npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd (npub) 6389be6491e7b693e9f368ece88fcd145f07c068d2c1bbae4247b9b5ef439d32 (Hex) StackerNews: stacker.news/NunyaBidness Podcasting 2.0: fountain.fm/show/eK5XaSb3UaLRavU3lYrI Apple Podcasts: tinyurl.com/unm35bjh Instagram: instagram.com/bitcoin_and Mastodon: noagendasocial.com/@NunyaBidness Support Bitcoin And . . . on Patreon: patreon.com/BitcoinAndPodcast Find Lightning Network Channel partners here: https://t.me/+bj-7w_ePsANlOGEx (Nodestrich) https://t.me/plebnet (Plebnet) Music by: Flutey Funk Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License creativecommons.org/licenses/by/3.0/
#duallisting #tokenization #securitytoken Tune in to this episode of the Security Token Show where this week Kyle Sonlin and Herwig Konings talk dual listing stock on exchanges! Herwig's Company of the Week: Bradesco: https://www.coindesk.com/business/2023/01/16/brazils-second-largest-private-bank-launches-first-tokenized-credit-note/ Kyle's Company of the Week: Cité Gestion: https://www.coindesk.com/business/2023/01/24/swiss-bank-cite-gestion-becomes-first-private-bank-to-tokenize-its-own-shares/ Thanks to Digishares.io for sponsoring this episode of the Security Token Show! https://digishares.io/ = Stay in touch via our Social Media = Kyle: https://www.linkedin.com/in/kylesonlin/ Herwig: https://www.linkedin.com/in/herwigkonings/ Opinion articles, interviews, and more: https://medium.com/security-token-group Find the video edition of this episode on our Youtube Channel: https://www.youtube.com/channel/UCTKdeN3ElyPeqtROWUp0CmQ All articles that were discussed were sourced from https://STOmarket.com/news Check out our medium blog for more news! #STSTOP5 Articles of the Week SEBA Bank New Offering: https://www.crowdfundinsider.com/2023/01/201475-seba-bank-a-switzerland-regulated-digital-assets-bank-announces-innovative-offering/ Cité Gestion Bank Tokenizes Itself: https://www.coindesk.com/business/2023/01/24/swiss-bank-cite-gestion-becomes-first-private-bank-to-tokenize-its-own-shares/ Big Brazilian Bank Credit Note: https://www.coindesk.com/business/2023/01/16/brazils-second-largest-private-bank-launches-first-tokenized-credit-note/ BTCS Dual Listing: https://finance.yahoo.com/news/btcs-announces-application-dual-listing-133600979.html FINMA Approves SDX Euro Bonds: https://www.ledgerinsights.com/sdx-exchange-euro-bonds-digital-euro/ Institutional Update Morgan Mckenny on Blockchain DeFi Token: https://fintechmagazine.com/crypto/pbf-ceo-morgan-mckenney-on-blockchain-defi-tokenization China's Digital Yuan: https://cointelegraph.com/news/china-s-digital-yuan-gets-smart-contract-functionality-alongside-new-use-cases Genesis Creditor Lawsuit: https://cointelegraph.com/news/genesis-creditors-file-securities-lawsuit-against-barry-silbert-and-dcg Market Update: Moneymax: https://www.marketscreener.com/quote/stock/MONEYMAX-FINANCIAL-SERVIC-14028311/news/Moneymax-Raises-SG-12-5-Million-from-Maiden-Offering-of-Digital-Tokens-42819511/ = Check out our Companies = Security Token Group: http://securitytokengroup.com/ Security Token Advisors: http://www.securitytokenadvisors.com/ Security Token Market: https://stm.co InvestReady: https://www.investready.com ⏰ TABLE OF CONTENTS ⏰ 0:49 Introduction: Dual Listing Stock on Exchanges 1:48 SEBA Bank, Cité Gestion, Big Brazilian Bank Credit Note, BTCS Dual Listing, FINMA SDX Euro Bonds | STSTOP5 4:39 Morgan Mckenny, Digital Yuan, Genesis | Institutional Updates 7:18 Moneymax | Market Updates 9:20 Main Topic: Dual Listing Stock on Exchanges 17:27 Companies of The Week: Cité Gestion, Bradesco
Government officials are urging citizens to adopt the official digital currency in a bid to gain more control over the economy.
Government officials are urging citizens to adopt the official digital currency in a bid to gain more control over the economy.
In the latest episode of Boom! It's on the blockchain we discuss will Hong Kong become a global crypto hub and an overview of China's Digital Yuan. Subscribe to Boom! It's on the Blockchain Apple Podcasts - https://apple.co/3NDCeWF Facebook - https://lnkd.in/gv4WRDMm YouTube - https://bit.ly/3a0R9M2 Spotify - https://spoti.fi/3t0A0ZU LinkedIn - https://bit.ly/3z4b3R5 TikTok - https://bit.ly/3HZQSGg Follow Alastair Caithness on LinkedIn - https://bit.ly/3BjK6bp Follow Alastair Caithness on Linktr.ee - https://bit.ly/3DwKjuy For daily updates on Energy, Blockchain, Cryptocurrency, Bitcoin & Tokenization - https://lnkd.in/gaknrPP #hongkong #cryptohub #digitalyuan #china #chinadigitalyuan #usdollar #fiatcurrency #bitcoin #blockchain
As international tensions rise so does the increase of interesting stories coming to the shores of our country here in Canada. We chat about China operating 3 different police stations in Toronto, the Digital Yuan being rolled out for mass adoption across China, and the ramifications that will have for CBDC's (Central Bank Digital Currency) in the west. Lastly we talk about political tensions rising in Canada between the Left/Right, and of course we get into the annual controversy of Dalhousie HoCo as we get perspective from someone on the ground who experienced it from start to finish. There's a lot to get into and we're happy to have you! BUY Elev8 Stickers https://store.elev8podcast.ca/ Instagram: https://www.instagram.com/elev8podcast/ TikTok: https://www.tiktok.com/@elev8podcast Timestamps: Intro & Dalhousie HOCO - 00:00 China Policing Overseas - 20:45 The Digital Yuan for Mass Adoption - 26:45 Expiring money - 30:45 Canadian CBDC - 38:20 Identity politics - 45:20 Canada negotiating with the Taliban - 1:09:30
Virtual currency pilot expanded to four provinces; officials investigated following deadly Covid quarantine bus crash; and Europe's demand for Chinese solar panels surges amid looming energy crisis Are you a big fan of our shows? Then please give our podcast account, China Business Insider, a 5-star rating on Spotify, Apple, or wherever you listen to podcasts
In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure. Click here to read the article by Liu Ran, Wu Xiaomeng and Denise Jia. Narrated by Sylvia Franke. Are you a big fan of our shows? Then please give our podcast account, China Business Insider, a 5-star rating on Spotify, Apple, or wherever you listen to podcasts
In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure.Click here to read the article by Liu Ran, Wu Xiaomeng and Denise Jia.Narrated by Sylvia Franke.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Download India's simplest Bitcoin app: https://app.adjust.net.in/vk7hv48 Watch Cryptocurrency Special - Part 1 here: https://youtu.be/qeMmxq0MT6g Watch Cryptocurrency Special - Part 2 here: https://youtu.be/U9n8w4bxJ0k Sumit Gupta जी को Social Media पे Follow कीजिए :- Instagram: https://www.instagram.com/sumit21gupta/ Instagram(CoinDC): https://www.instagram.com/coindcxofficial/ Twitter: https://twitter.com/smtgpt Twitter(CoinDCX): https://twitter.com/coindcx LinkedIn: https://in.linkedin.com/in/smtgpt Website: https://coindcx.com/ नमस्ते दोस्तों! The Ranveer Show हिंदी के 97th Episode में आप सभी का स्वागत है. आज के Podcast में हमारे साथ जुड़ चुके हैं Sumit Gupta जी जो CoinDCX के Co-founder और Chief Executive Officer यानि CEO हैं। Cryptocurrency और Blockchain के बारे में इनकी Knowledge सराहनीय है। इस Podcast में हम बात करेंगे ढ़ेर सारी बातें Financial Education, Technology, Future Tech, Cryptocurrency For Beginners, Blockchain Technology क्या है और Internet की शुरुआत के बारे में। साथ ही साथ हम बात करेंगे Web 1.0 VS Web 2.0 VS Web 3.0, Web 3.0 का Future, NFTs के Basics, Cryptocurrency में Invest कैसे करे, Bitcoin Investment In India, Ethereum, Dogecoin, Data Is The New Oil, Social Media Algorithm Understanding, Tiktok, Instagram Reels के बारे में और भी ढ़ेर सारी बातें। मैं आशा करता हूँ कि ये Video आप सभी Viewers को पसंद आएगा। खास तौर पर उन सभी को जिन्हें Cryptocurrency Investment और Blockchain Technology के बारे में जानने में Interest है। Cryptocurrency Taxation, Indian Government, Central Bank Digital Currency, Digital Rupee, Digital Yuan, Bank Transparency, Coding Language और FinTech जैसी चीज़ों के बारे में हम Discuss करेंगे इस Hindi Podcast में सिर्फ और सिर्फ आपके Favourite BeerBiceps Hindi Channel Ranveer Allahbadia पर।
With a backing track that is probably the worst cover version we have ever heard, we learn what just flew past that bedroom window. In the US this week the focus has been on our children. Any way you look at it, from school shootings to privacy violations, to destroying the ecological balance of the world we are leaving them to live in, the only way you can describe societies' actions is broad-scale child abuse. We learn what political leaders already know, “if you don't like the news, just turn off the Internet.” We have an update for Elon from Twitter, a warning from the Indian government that came 13 years late, and a petition to stop apps from accepting the Digital Yuan… for reasons that would surprise you. We typically start the weekly update with a rush of excitement. This week let's stop for a moment and think of the kids. For a full transcript of this podcast go to discuss.daml.com --- Send in a voice message: https://anchor.fm/rps5/message
Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal Reserve reported Tuesday.Consumer debt and credit rose 1.7% in the first quarter to $15.84 trillion. The rise in total household credit was propelled largely by a $250 billion increase in mortgage debt, which now stands at $11.18 trillion, an increase of 10% from the first quarter in 2021.Consumers are returning to their previous habits with the balance between goods and services (Restaurants and dining out) spending back to where it stood in May 2020, according to data adjusted for inflation from Flexport, a freight forwarder. A separate metric cited by Goldman Sachs shows goods consumption about 5 percent higher from before the pandemic.Follow the Amazon TrendsInvestment firms noted that macro indicators appear to be deteriorating at a faster pace in a significant development for Amazon (AMZN)."The resulting negative sentiment across both consumers and businesses is likely to result in more cautious spending patterns, with headwinds worsening as the economic slowdown deepens. For consumers, that means less discretionary spend on pricier physical goods and more price sensitivity to service items like dining out."Will China boost spending with a Digital Yuan airdrop?The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app. As per instructions, users would need to first log in to the Meituan app, sign up for the incentive, and then potentially receive the e-CNY rewards as part of a lottery draw.If chosen, the e-CNY is then dispensed to users and can be spent at more than 15,000 in-app merchant terminals that accept the state-owned digital currency. Previously, the People's Bank of China had identified the e-CNY as a potential tool for advancing regional economies and improving the efficiency of select financial services. Meanwhile, sources at Meituan say that the e-CNY plays a vital role in boosting spending and revitalizing local businesses. Shenzhen is also currently one of three cities in China where residents can pay municipal taxes and charges with the e-CNY.
#Cryptonews #Shib #bearmarket May 27, 2022 Part 1: Show Topics: - SHIB Will Now Be Burned via Amazon - Solana Network Faces Serious Issues Again - XRP Whales on Accumulation - Draft bill to ban China's digital yuan - DAVOS WEF "‘We're in a bear market" - JPMorgan's bull case for bitcoin --- Send in a voice message: https://anchor.fm/christandcrypto/message Support this podcast: https://anchor.fm/christandcrypto/support
Russia's war in Ukraine is obscuring one very alarming threat posed by the Chinese regime: its system of paperless money, warned hedge fund manager Kyle Bass.
On March 31, 2022, the People's Bank of China held a symposium on the pilot work of digital RMB (digital yuan) research and development to summarize the preliminary research and development pilot work, and arrange the deployment of the next stage of work. Present at the symposium were Yi Gang, Governor of the People's Bank of China, and Fan Yifei, Vice Governor of the People's Bank of China, as per a statement from PBoC. Also attending the symposium were relevant departments, bureaus, and directly affiliated units of the People's Bank of China, all-digital RMB participating R&D institutions, and relevant “responsible comrades” of the local governments and branches of the People's Bank of China in the pilot regions. “The meeting believed that since 2017, the People's Bank of China, together with all participating research institutions, and with the strong support of the party committees and governments of the pilot areas, have made overall plans and careful organization to carry out the pilot projects steadily, dynamically improve the business technology design, continue to innovate application scenarios, and focus on solving financial service difficulties,” the statement reads. Pain points verified the feasibility and reliability of digital yuan According to the meeting parties, the pain points have preliminarily verified the feasibility and reliability of digital renminbi-related theories, policies, businesses, and technologies. At present, the digital renminbi has formed a number of application models in the fields of wholesale and retail, catering, cultural tourism, and government affairs payment. Without providing any specific data or other evidence, the PBoC states that the major pilot projects such as the 2022 Beijing Winter Olympics have been successfully completed, “the number of users, merchants, and transactions participating in the pilot has grown steadily, and the market has responded well.” The PBoC does not, however, seem to consider the digital renminbi to be ready for a full-scale roll-out in the entire country, instead, trials will continue in additional cities and areas. The PBoC pointed out that there remain issues that need to be sorted out through further research and exploration. To this point, the statement says the research and development of digital renminbi will face new situations and new problems in terms of demonstrating convenience, optimizing inclusiveness, highlighting innovation, ensuring security, reflecting compliance, and strengthening sustainability. Furthermore, the PBoC emphasized that the digital renminbi research and development pilot should adhere to the “people's nature”, without expanding on the meaning of this expression. The future is dependent on softer values In the statement there are, however, hints that the future success of the digital renminbi, and for it “to play a greater role”, the issue is not a technical one but is rather dependent on “softer” values such as the coverage and inclusiveness of financial services, it helps local economic development, supports the construction of digital government affairs, improves the quality and efficiency of financial services for the real economy, and improve the business environment. “In the process of the development, promotion, and popularization of the digital renminbi, the policy design should fully stimulate the enthusiasm and creativity of financial institutions, technology enterprises, local governments, and other parties, and encourage competition in the promotion and operation,” the statement reads, which may be interpreted as some participating entities aren't as enthusiastic about the digital renminbi as the Chinese government and the PBoC would want them to be. Other areas mentioned in the statement, that seem to need further research, include legislative questions and the impact of the digital renminbi on the financial system, the security of the digital renminbi system, and the relationship between privacy protection ...
.....and Russia's grip on energy. That and more on Beer and Bitcoin.
In this episode of Interpreting India, Robert Greene joins Priyadarshini D. to explore the use and impact of China's digital yuan. What's China's motivation behind its e-CNY? How does it work? What are some of the domestic and international implications of its rollout? The digital yuan is a centralized, cash-like digital currency. The People's Bank of China (PBOC)--the Chinese central bank--and digital yuan operating institutions, which includes some of the largest state owned banks and tech giants like Alibaba and Tencent, have conducted large scale pilot programs in multiple cities over the past year. The 2022 Winter Olympics in Beijing, in February, was originally planned as the grand international debut for the digital yuan. Those plans, however, went sideways with another outbreak of the COVID-19 pandemic.Of all the current CBDC pilots, the digital yuan elicits significant interest, given China's economic heft and geopolitical ambitions. In this episode of Interpreting India, we will delve into the debate surrounding China's digital yuan. --Episode ContributorsRobert Greene is a nonresident scholar at the Carnegie Endowment for International Peace's Cyber Policy Initiative and Asia Program. His work focuses on Chinese financial sector trends and on topics at the nexus of cyberspace governance, global finance, and national security. He has worked extensively on the global implications of China's centrally backed digital currency. Robert is also the vice president and chief of staff at Patomak Global Partners, a financial services consultancy, Priyadarshini D. is an associate fellow with the Technology and Society Program at Carnegie India. She is interested in researching emerging issues at the intersection of law, technology, and finance. Her current research focuses on the impact and implications of introducing digital currencies, such as central bank digital currencies, specifically in the context of an emerging market like India. --Additional Reading:1. What does China's centrally backed digital currency mean for the world? by Robert Greene2. Beijing's Global Ambitions for Central Bank Digital Currencies Are Growing Clearer by Robert Greene 3. Correct Design Can Ensure CBDCs Don't Destabilise Banks by Priyadarshini D. 4. China's Digital Yuan: An Alternative to the Dollar-Dominated Financial System by Rajesh Bansal and Somya Singh--
Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion center around the partnership between Ripple and Modulr on cross-border payments, the launch of China's digital yuan, the design for a US digital dollar initiated by the Federal Reserve Bank of Boston and MIT, and KeyBank's launch of a cloud-first banking solution. Listen to this engaging discussion to find out more. Ripple partners with Modulr on Cross-Border Payments - https://ctmfile.com/story/industry-roundup-third-february China's digital yuan officially launched at the Winter Olympics - https://ctmfile.com/story/industry-roundup-4-february-2022 Design for digital dollar initiated by the Federal Reserve Bank of Boston and MIT - https://ctmfile.com/story/industry-roundup-7-february-2022 KeyBank Launches a cloud-first banking solution - https://ctmfile.com/story/industry-roundup-7-february-2022
Richard (Rich) Turrin is the international best-selling author of “Cashless - China's Digital Currency Revolution” and “Innovation Lab Excellence.” He is an Onalytica Top 100 Fintech Influencer and an award-winning executive previously heading fintech teams at IBM following a twenty-year career in investment banking. Living in Shanghai for the last decade, Rich experienced China going cashless first-hand. Hear about: What is the Chinese digital yuan, and why it is different from cryptocurrencies; What are the different levels of anonymity the digital yuan offers; Will the Chinese digital yuan help break the duopoly of the Alibaba and Wechat mobile payments in China; How will the Chinese digital yuan impact the world; Rich's personal experience using the digital yuan in Shanghai; How does PBOC enable the digital yuan to be used without internet access? Find Rich on LinkedIn, Twitter, and check out his book Cashless on apple books, Amazon, and any other digital bookstores across the planet.
Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money
This week we cover Jay Claton (Former SEC Chairman) saying cryptocurrencies' ability to eliminate friction in the global system would be hard to resist, PayPal exploring creating their own Stablecoin, and a pilot version of e-CNY goes live!
Frank Holmes, Michael Hudson and Chen Lin return. Last time we talked with Frank he suggested that China is leading the world toward a cryptocurrency that would be backed by gold. But does a gold-backed cryptocurrency make sense if the Chinese virtual currency is engineered to remove all freedoms and liberties from every human being by governing where you go, what you buy, and what you are allowed to believe? By contrast, gold has served as the most fair, egalitarian and pro free- market money ever used by humankind. While gold systems have in the past helped to slow down government theft by way of inflation, is there any reason to think the Chinese Communist Party would allow a gold-backed monetary system to lead to a free market capitalist system? What would be the purpose then of China backing a digital Yuan by gold? Those and other questions regarding money and other market matters will be asked of Frank who is the chairman of HIVE Blockchain Technologies a company that mines Ethereum. We will get Chen Lin's latest views on China as well as on gold and biotech markets, and Michael will update us on one of the most exciting emerging copper-silver discoveries in the world.
Yaya J. Fanusie, Adjunct Senior Fellow at the Center for a New American security discusses the launch of China's new digital Yuan. He sits down with Amanda Jolly to talk about China's new national digital currency - what it is, how it works, and what implications it may have for financial security and privacy in China and around the world. Will China's digital currency model set the template for all national digital currencies going forward? Should the U.S. launch its own? How can we harness the power of digital currency while safeguarding citizens and businesses from digital authoritarianism?
Other top blockchain and cryptocurrency news: S&P Dow Jones to launch crypto index. Walmart leads $700 million investment in Indian payment platform.
In the lore of digital disruption, Eastman Kodak Co.'s downfall is particularly momentous.Kodak was once one of the world's most powerful companies. But it failed to act on digital cameras and online photo sharing, despite seeing the trends years before. (Kodak engineer Steve Sasson created the first digital camera in 1975.)It's an apt story to remember now as the digital money revolution rolls ahead at a time of momentous political transition.On this episode of CoinDesk's Money Reimagined, join Jen Zhu Scott, Executive Chairman of The Commons Project, Tanvi Ratna, CEO of Policy 4.0, along with hosts Michael J. Casey and Sheila Warren of the World Economic Forum for this deep-dive into the potential of, and thought behind China's forthcoming DCEP, better known as the digital yuan.With DCEP, China's supply chains will become hyper-efficient, giving it a big advantage over other countries' production sectors. And as those models extend into China's international One Belt One Road initiative, foreign dependency on its production processes could grow, giving Beijing geopolitical clout. Out of this, China will forge financial autonomy. Its digital currency will eventually be interoperable with other tokens and blockchains, allowing its businesses and their foreign trading partners to move money across borders without using dollars as an intermediary. They'll bypass New York, in other words. Solution: Open MoneyThis won't happen overnight. But the effect on confidence in the U.S. could arise within the next four years. How should Washington react? Christopher Giancarlo, former CFTC chairman and the founder of the Digital Dollar Foundation, is pushing for a digital dollar that would integrate constitutionally enshrined privacy protections, making it more appealing than the digital yuan, which many fear will become a Beijing surveillance tool. But will people truly trust the U.S. not to monitor digital dollar transactions? After all, as Jennifer Zhu Scott, chair of the Commons Project, noted in this week's Money Reimagined podcast, global finance is already subject to a comprehensive U.S.-led system of surveillance.So, while we're right to worry about a Chinese “panopticon” ingesting people's identifying information, that's not the data threat the U.S. can or should compete with. In the same podcast episode, Policy 4.0 CEO Tanvi Ratna said the bigger issue is how troves of DCEP-generated anonymized data will enable Chinese businesses to extract huge efficiencies and unlock innovation across decentralized economic systems.There may be a way for the U.S. to compete here. But it will require a radical, disruptive solution. This is an episode you won't want to miss.Original Album Art Image by Kido Dong / Unsplash modified by CoinDeskSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Featured interview: Implications of China's Digital Yuan on the global market -중국의 디지털 위안화가 세계 금융시장에 미칠 영향 Guest: Professor Kim Yongjin, Sogang University School of Business
Tune in to this episode of the Security Token Show where Kyle Sonlin and Herwig Konings discuss the latest Security Token News and Insights with this week's focus on ROFRs for security tokens! Kyle's Company of the Week: Draper Goren Holm - https://drapergorenholm.com/ Herwig's Company of the Week: Sports D3 - https://sportsd3.com/ All articles that were discussed were sourced from https://STOmarket.com/news = Industry News = Carlsbad entrepreneur using blockchain to change future with DealBox: https://thecoastnews.com/carlsbad-entrepreneur-using-blockchain-to-change-future/ Centrifuge Partners with Securitize: https://medium.com/centrifuge/centrifuge-partners-with-securitize-67992d6ac297 ERX to list at least 3 digital tokens: https://www.bangkokpost.com/business/1997803/erx-to-list-at-least-3-digital-tokens McAfee Charged with Fraudulently Touting ICOs, Arrested for Tax Evasion: https://www.ai-cio.com/news/mcafee-charged-fraudulently-touting-icos-arrested-tax-evasion/ Draper Goren Holm Announces Investment in Israeli Digital Securities Exchange Simetria: https://www.crowdfundinsider.com/2020/10/167659-draper-goren-holm-announces-investment-in-israeli-digital-securities-exchange-simetria/ Ripple partner SBI Holdings to hold security token offering this month: https://sunriseread.com/ripple-partner-sbi-holdings-to-hold-security-token-offering-this-month/119199/ Digital Migration, It's Happening!!: https://medium.com/inx-co/digital-migration-its-happening-de4453f971ff Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report: https://www.coindesk.com/shenzhen-giving-away-millions-in-digital-yuan-in-lottery-to-boost-consumption-test-tech-report 'Sports D3' (D-Cubed Ventures OU) Digital Assets Exchange Secures Operating License in the EU: https://www.globenewswire.com/news-release/2020/10/09/2106014/0/en/Sports-D3-D-Cubed-Ventures-OU-Digital-Assets-Exchange-Secures-Operating-License-in-the-EU.html BNP Paribas and Curv unveil highly secure method to transfer security tokens: https://www.investing.com/news/cryptocurrency-news/bnp-paribas-and-curv-unveil-highly-secure-method-to-transfer-security-tokens-2318918 Draper Goren Holm Announces First Close of $25 Million Blockchain Fund: https://www.crowdfundinsider.com/2020/10/167643-draper-goren-holm-announces-first-close-of-25-billion-blockchain-fund/ Blockchain: Monaco sets ground rules for issuing tokens: https://www.monaco-tribune.com/en/2020/10/blockchain-monaco-sets-ground-rules-for-issuing-tokens/ European Union Approves New Crowdfunding Rules that Apply to Member States, Funding Cap Set at €5 Million: https://www.crowdfundinsider.com/2020/10/167636-european-union-approves-new-crowdfunding-rules-that-apply-to-member-states-funding-cap-set-at-e5-million/ = STO News = Security Token Monthly Trading Volume Declines by 58% to $9.15 Million in September 2020, but this Might be a Healthy Correction: https://www.crowdfundinsider.com/2020/10/167629-security-token-monthly-trading-volume-declines-by-58-to-9-15-million-in-september-2020-but-this-might-be-a-healthy-correction/ Blockchain Capital's BCAP Token Q3, 2020 Results: https://www.securities.io/blockchain-capitals-bcap-token-q3-2020-results/ Symbol blockchain to host whisky fund and central bank collectibles at launch: https://cointelegraph.com/news/symbol-blockchain-to-host-whisky-fund-and-central-bank-collectibles-at-launch SBI Teams up With Swiss Cryptobank for USD 66m Unlisted Stocks Fund: https://cryptonews.com/news/sbi-teams-up-with-swiss-cryptobank-for-usd-66m-unlisted-stoc-7906.htm Liberty Real Estate Fund Announces Launch of Net Lease Security Token Fund: https://www.crowdfundinsider.com/2020/10/167679-liberty-real-estate-fund-announces-launch-of-net-lease-security-token-fund/ CoinLinked seeks to raise $5m in regulated Security Token offering: https://cointelegraph.com/news/coinlinked-seeks-to-raise-5m-in-regulated-security-token-offering = Events = [Event] LA Blockchain Summit: https://lablockchainsummit.com/ = Check out our Companies = Security Token Group: http://securitytokengroup.com/ Security Token Advisors: http://www.securitytokenadvisors.com/ Security Token Market: https://stomarket.com InvestReady: https://www.investready.com