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Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings – Cointelegraph Magazine

Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings – Cointelegraph Magazine
blackseagrain.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blackseagrain.net Daily Mail and Mail on Sunday newspapers.

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China's Bitcoin Mining Plunges: Is Its Crypto Industry Dead?

China's Bitcoin Mining Plunges: Is Its Crypto Industry Dead?
entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.

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China bets on the blockchain

6/28/2021 3:48:02 AM GMT
There is no stage bigger than the Olympics, for the athletes and the host country. Modern China announced its arrival 13 years ago when 2,008 synchronized drummers performed at the Beijing Summer Olympics opening ceremonies. In February, China is expected to use the Beijing Winter Olympics to unveil a creation of intense international interest: the digital yuan, the first major central bank digital currency, or CBDC.
Consumers are unlikely to notice much difference shopping with e-CNY, as the currency is officially known. It will be worth the same as cash and will activate with a tap, swipe or QR code. But the questions this form of money raises are profound. As governments around the world move to phase out physical cash, what will become of financial privacy? How will state-sponsored digital money affect China’s economy, its trading relationships and most weighty of all the future of the global financial system now dominated by the United S ....

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Digital Yuan, Part of China's Big Bet on Blockchain, Could 'Upend Rules of Global Commerce'

Digital Yuan, Part of China's Big Bet on Blockchain, Could 'Upend Rules of Global Commerce'
newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.

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China: WeiyangX Fintech Review

China: WeiyangX Fintech Review
National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services
The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to provide related financial services and products (e.g., cosmetic surgery installment plans). Yet, problems like excessive borrowing, lack of transparency, and high pricing have also brought damages to the interests of the consumers.
On June 9
th, the National Internet Finance Association of China (NIFA) released an initiative on cosmetic surgery-related financial products and services. NIFA suggested the financial institutions should not collaborate with illegal cosmetic surgery agencies or provide financial products and services to these agencies. ....

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