China’s Communist Party has reportedly appointed a Bitcoin (BTC) skeptic as the central bank’s party secretary, putting him in line to become the next governor. According to a new report by the Wall Street Journal, Chinese leaders named central bank deputy governor Pan Gongsheng as the People’s Bank of China (PBOC) party secretary, the top […]
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Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual currencies were removed. 105 Websites Shut Down A Chinese regulator, the Cyberspace Administration of China […]
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article claims that CBDCs such as China’s digital yuan can radically change global finances and government policies. Digital Yuan to Do Away With […]