China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities of its citizens. Allegedly, users of the centralized digital currency will be guaranteed ‘controllable anonymity’ as long as they are not engaging in illegal activities. This is according to the head of the digital currency research institute at the People’s Bank of China, Mu Changchun. Continue reading China Guarantees Citizens On-Demand Anonymity With State Digital Currency
Tag Archives: China
Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win
Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. Referring to China’s proposed digital currency, which is expected to launch before the end of the year, Zuckerberg will argue: “While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months… If America doesn’t innovate, our financial leadership is not guaranteed.” Continue reading Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win
China Can Crush Facebook’s Libra With Its Digital Currency
The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports. Continue reading China Can Crush Facebook’s Libra With Its Digital Currency
IBM Joins Decentralized ‘Yellow Pages’ for Blockchain Projects
IBM has joined a decentralized cross-blockchain registry initiative which it states is a Yellow Pages analogue for blockchain projects, according to an announcement September 13. Continue reading IBM Joins Decentralized ‘Yellow Pages’ for Blockchain Projects
Alibaba Has Filed for over 10% of the World’s Blockchain Patents
China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Continue reading Alibaba Has Filed for over 10% of the World’s Blockchain Patents