Tag Archives: mu changchun

It seems China was really serious when talking about its digital currency. Even though China was trying to forbid cryptocurrency mining and trading, for the last three months it is in the process of creating its own.Head of the People’s Bank of China’s (PBoC) Digital Currency Research Institute, Mu Changchun, stated that the country’s digital yuan is finally ready for trials. The central bank digital currency (CBDC) will, as per the announcement, not come as a volatile asset like Bitcoin or...

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...