Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?
The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022. Per Jinyun News, via Enorth, city officials claimed th...
Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97 million transactions.
The city, a key port on the northeast coast, was added to the pilot in April last year along with Chongqing, Guangzhou, Fuzhou, and Xiamen....
Read More: Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?
Original source
Read on CryptonewsRelated market context
CFTC Staff No-Action Letter Opens Path For True Digital Commodity Perpetuals
TL;DR CFTC staff issued no-action guidance related to digital commodity perpetual futures. The relief applies to CFTC-registered d...
Elon Musk’s trillionaire status puts his net worth above crypto’s entire market cap outside Bitcoin
Elon Musk has become the first person in modern history to amass a personal net worth exceeding $1 trillion, crossing the historic...
Latam Insights: Inside Brazil’s CBDC Privacy Bill and Latin America’s $1.5 Trillion Stablecoin Economy
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition,...
Solana Foundation partners with Alatau City to boost Kazakhstan’s blockchain innovation ecosystem
Kazakhstan's strategic focus on blockchain innovation could position it as a leading tech hub in Central Asia, fostering economic...
Bitcoin sales are necessary for Strategy's digital credit business, Saylor says
Strategy's recent Bitcoin sale appeared to clash with Saylor's "never sell" mantra, but he says the move reflects how the company'...
Anthropic’s dramatic model release strategy raises censorship risks, the shift to proprietary AI models is accelerating, and Chinese open source solutions are outperforming US counterparts | All-In Podcast
Chinese open source AI models surpass American counterparts, challenging global competitiveness and raising governance concerns. T...