China’s top security agency has raised red flags over a cryptocurrency project—strongly resembling Worldcoin—for its mass collection of iris data, warning of potential national security breaches.
China’s Conflux Network plans to issue an offshore yuan-pegged stablecoin in partnership with AnchorX and Eastcompeace Technology, per a Shanghai government report.
China’s central bank will open an international operations center in Shanghai to expand the digital yuan’s (e-CNY) global presence.
In its annual financial stability report, the People’s Bank of China emphasized the regulation of cryptocurrency.
Changpeng Zhao, the former CEO of Binance, spoke at the Bitcoin MENA conference held in Abu Dhabi about the likelihood of China establishing a strategic reserve of Bitcoin.
New York, United States, 21st August 2024, Chainwire
China’s central bank, the People’s Bank of China, is slowly expanding the scope of testing for the country’s digital currency (CBDC).
