China


Markets

The Rise of the Bitcoin Class

How a VC working in China finally convinced her Dad to buy into Bitcoin. The winning argument: Protection against government seizure.

From "Attack on Titan"

Markets

Bridging Cultural Gaps in 2021: Crypto in China and the US

Culture nuance defines a business climate. Multicoin investment principal Mable Jiang breaks down the divisions between East and West.

Mable Jiang is a principal on the Multicoin Capital investment team based in Hangzhou.

Markets

Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

Zhou Xiaochuan

Policy

3 Chinese E-Commerce Giants Join Latest Digital Yuan Lottery Trial: Report

Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.

Lucky Chinese coins

Markets

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.

ECB

Markets

Huobi's HUSD Stablecoin to Run on Nervos Blockchain

China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.

The Nervos team

Markets

China's Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

Breakdown 12.7 - China digital currency

Policy

Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.

Hong Kong flag (Shutterstock)

Markets

Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.

Breakdown 12.6 - Niall Ferguson Bitcoin China

Policy

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by the authorities.

china, law