Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch…

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The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory

The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction…

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PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Regulation Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told…

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China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

Regulation The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan…

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People’s Bank Of China Vice Governor: ‘We Must Remain Vigilant’ and Stop Rogue ICOs

The People’s Bank of China (PBoC) doubled down on its rhetoric regarding ICOs July 9, warning those who attempt to serve Chinese residents that it would “crush” their operations. In a circular and subsequent report in local media outlet Yicai, the Chinese central bank’s vice governor Pan Gongsheng strongly reiterated the ongoing ban on ICOs…

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