Shenzhen Will Give Away 15 Million Digital Yuan to Local Residents via WeChat Raffle
In a move to further promote CBDC, the Chinese government has announced plans to give citizens of Shenzhen digital yuan. A district in Shenzhen’s Futian district
china (Latest Publications)
According to the PBC the Global Share of Bitcoin Transactions in China Has Dropped From 90% To 10%
China is one of the countries that has gone to great lengths to prohibit and criminalize the use of cryptocurrencies. In a recent article, the People’s
China-backed BSN to launch introduce infrastructure to support NFTs
China wants to cash in on the NFT hype but wants to stay far away from cryptocurrencies such as Bitcoin [BTC].
China all set to establish digital asset exchange digital yuan
The latest news about China’s decisions over central bank digital currency shows that plans are very serious about using government-backed digital assets.
China forces McDonald’s to adopt CBDC before Olympics
The Chinese government is forcing McDonald’s to deploy the digital renminbi payments system at restaurants. It seems the restaurants should deploy the system before the Beijing
![China's Bitcoin [BTC] exodus and the 'Crypto West vs. DCEP East' narrative](https://crypto-economy.com//wp-content/uploads/2021/10/america-g648e86a26_1280-e1634142529809.jpg)
China’s Bitcoin [BTC] exodus and the ‘Crypto West vs. DCEP East’ narrative
Not just for price, Bitcoin [BTC] had a wild ride in terms of mining hash rate as well. The United States, for the first time ever,
Binance is slowly succumbing to the Chinese FUD
A new announcement is published by Binance showing the company is obliging the regulations in mainland China and somehow succumbing to it.
How China FUD bolstered DeFi token activity?
A new analysis shows that despite the recent market dip because of Chinese FUD, DeFi assets are experiencing network growth and address activity.
Crypto Companies are Halting Their Operation in China After Blanket Ban by The Chinese Government
Crypto companies are halting their operation for Chinese mainland clients following the recent announcement by the People’s Bank of China (PBOC) that puts a blanket on crypto-related transactions and off-shore exchanges.
Chinese FUD incoming: “Bitcoin doesn’t have any value”
Another statement from Chinese government execs shows that they still don’t consider any value for cryptocurrencies like Bitcoin. People’s Bank of China still states that these
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