Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. […]
China
China will dramatically expand its pilot program for digital currency to include all major large cities, the country’s Commerce Ministry said Friday. To date, the central-bank-led trial program has been under way in four cities and in places related to the 2022 Beijing Winter Olympics. With Friday’s announcement, the pioneering […]
Bitcoin logos on display at the Inside Bitcoins Conference in New York. The digital currency’s value has surged again recently, jumping around 26 percent since May 27. Photo: IC China’s Ministry of Public Security (MPS) recently announced it has cracked down a transnational internet pyramid scheme involving transactions of digital […]
Books on this topic China Information/SourcesChina Finance / Banking What people outside China say? What is the average financial intelligence of Chinese people? (link to […]