Shanghai includes metaverse in its development plan
Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing. Source
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PBoC governor says digital yuan to be more privacy-enhanced than payment apps
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage. Source
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China’s central bank says crypto gave impetus to the creation of its CBDC
Much attention has been paid to the global, geopolitical implications of China’s rapid and...
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Top Chinese banks promote CBDC over local payment firms for shopping festival
Some of China’s largest state banks are actively promoting the digital yuan as a superior means of...
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Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto
The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc...
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Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike
Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches...
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