Beijing Set to Debut ‘New Digital Yuan Application Scenarios’ – What Next for the CBDC?
Beijing, China, says it will introduce “new digital yuan application scenarios,” and wants to take the lead in the adoption of the central bank digital currency (CBDC). Per the Securities Times, the comments were made by...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per the Securities Times, the comments were made by Zhao Wei Jiu, the Deputy Director of the Beijing Local Financial Supervision and Administration Bureau.
Zhao was speaking at an event named the Global Digital Economy Conference Digital Finance Forum....
Read More: Beijing Set to Debut ‘New Digital Yuan Application Scenarios’ – What Next for the CBDC?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Orbs – DeFi’s Next Big Users Are Banks and Bots
Why you should listen Ran came to crypto the way many lawyers of his generation did. In 2015 a university friend and future Orbs c...
US Hoovers up Bitcoin While the World Runs on Its Digital Dollars: Report
Bitcoin Magazine US Hoovers up Bitcoin While the World Runs on Its Digital Dollars: Report America is accumulating bitcoin while e...
Russia Crypto: Diesel Deal Falters as Zelensky Resumes Refinery Strikes, What Now for Oil Bitcoin?
In Russia crypto news, Donald Trump’s announced plan to release 300,000 tonnes of Russian diesel to the US and global markets face...
SEC Crypto: What do the Coinbase and MARA Binary Options Mean?
In SEC crypto news, the commission has reportedly approved standardized binary options that pay a predetermined cash amount if a s...
Solana Breaches China’s Crypto Wall With New Shanghai Office
The establishment of a new Solana Foundation office in one of Shanghai’s highest commercial buildings has drawn out criticism from...
Fidelity Digital Assets finds Bitcoin now moving with US Treasury real rates
Bitcoin's correlation with US Treasury real rates suggests a shift in investor sentiment, potentially altering traditional portfol...