Bitcoin News / Bitcoin.com - 1 year ago
Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar...
by COINS NEWS - 1 year ago
In China, CBDCs are linked to your Digital ID. If, for example, you’re caught jaywalkig, their facial recognition system will immediately display your face on a public board of shame before automatically deducting your fine from your digital wallet....
Cryptocoins News / The Cointelegraph - 1 year ago
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms. Hong Kong’s push to become...
Cryptocoins News / The Cointelegraph - 1 year ago
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms. Hong Kong’s push to become a c...
Bitcoin News / Bitcoin.com - 1 year ago
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the mo...
Bitcoin News / Bitcoin.com - 1 year ago
Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no hegemo...
Bitcoin News / Bitcoin.com - 1 year ago
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United...
Bitcoin News / Bitcoin.com - 1 year ago
Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by t...
Bitcoin News / Bitcoin.com - 1 year ago
Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar is “what...
Bitcoin News / Bitcoin.com - 1 year ago
Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was proce...
Cryptocoins News / CoinJournal - 1 year ago
Toronto, Canada, April 14th, 2023, Chainwire
Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainn...
Bitcoin News / Bitcoin.com - 1 year ago
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto co...
Bitcoin News / Bitcoin.com - 1 year ago
The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates...
Cryptocoins News / Finance Magnates - 1 year ago
Bitman Technologies, a Bitcoin
(BTC) mining firm based in Beijing, China, has reportedly been fined $25
million yuan ( $3.6 million) by local tax authorities. Local news outlet Sina
Finance reported on Tuesday that the fine was imposed by the
Beijing...
Cryptocoins News / The Cointelegraph - 1 year ago
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection. Beijing-based cryptocurrency mining...