The digital yuan’s highest profile tests began in Shenzhen in September, when city officials held a lottery, giving away $1.5 million in 50,000 in “digital red envelopes” containing 200 yuan—about $30—usable at 4,000 merchants who signed up to accept the digital yuan. That and subsequent tests have been called wildly successful by People’s Bank of China Governor Yi gang.
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Was China’s digital yuan behind Binance’s Shanghai office closing?
The November closure of a Shanghai office connected to a major crypto exchange may have presaged a broader crackdown as China prepares to launch a virtual currency
The high-profile closing of a Shanghai office used by the Binance exchange in late November appears to have been an early example of China’s latest crackdown on cryptocurrency trading.
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Blockchain technology will drive digital cities: Report
A new study predicts four technologies, including AI, internet of things, and 5G will have a $721 billion impact on the 60 largest digital cities over a decade
New York City is and will remain the digital capital of the world—and blockchain is one of the technologies that will get it there, according to a new report.
