China’s New Digital Currency ‘isn’t Bitcoin And Is Not For Speculation’ : CryptoCurrency
A central bank digital currency may help combat money laundering and illicit ... “The currency is not for speculation,” said Mu Changchun, head of the ... the use of cryptocurrencies such as Ethereum or Bitcoin for payments, ... Blockchain and telecom: HTC's blockchain phone isn't what you think it is.. China is planning to launch a new digital currency, but unlike cryptocurrencies people will not be able to speculate on its price. ... but it is unlikely to experience the investment frenzy that launched Bitcoin into the mainstream.. Money, in any form, including digital, is an asset... Cryptocurrencies are created with virtually no cost, yet, when introduced as money, their value skyrockets, due .... Cryptocurrency Regulations: A free guide to global crypto-regulatory ... and keeping up to date with the rules in different territories isn't easy. ... adopted a friendlier, “do no harm” approach, describing bitcoin as a ... of crypto mining has led many to speculate that China intends to be a leader in that space.. China's virtual currency – the digital yuan – is set to make its official ... The Digital Yuan Isn't for Speculation ... the nation in competing with Libra, the new cryptocurrency project being set ... It will not be utilized for speculative purposes. ... currency, such as bitcoin, Ethereum and bitcoin cash, the digital yuan ... 1
Not even half a year has passed since Facebook unveiled Libra, but the tech giant's foray ... The idea of a national virtual currency is hardly new. ... Life Isn't Like the Movies (Even if You Write the Movies) ... But in 2017, as Bitcoin's value soared and speculative frenzy raged, China shut down cryptocurrency.... The Chinese central bank official in charge of a new sovereign digital ... said it would not be open to speculation like other cryptocurrencies,... HERE
China heavily restricted Bitcoin without actually criminalizing the holding of bitcoins. ... Bitcoin is generally not considered legal tender. ... Virtual currency is the term that the IRS uses for cryptocurrency. In 2020, the IRS created a new tax form requiring taxpayers to declare if they engaged in any virtual currency transactions.... digital currency bitcoin blue pink background ... founder of Bitcoin introduced the blockchain-based cryptocurrency that launched ... Since then, not a few folks have speculated that Bitcoin would take over the world ... The group's formation isn't a commitment to launch a central bank digital currency, but the... https://www.pixnet.net/pcard/8447660541b161bdf5/article/53c65840-8d03-11eb-bb1d-cde98a29aa3d
Unlike Facebook's libra, Mu Changchun says the new digital currency will not be backed by a basket of currencies. Mu Changchun, the central... 82abd11c16 HERE
The hottest cryptocurrency in China is not bitcoin ... But it didn't take long for them to find something new to pour their money into. ... key questions now being pondered by cryptocurrency fans and speculative investors alike.. The [digital yuan] currency is not used for speculation. ... It isn't known if there is another way to put a value on the currency without using the traditional ... The company said that all relevant cryptocurrency exchanges have been contacted. ... India Introduces New Laws, Cap Regarding P2P Lending. https://peatix.com/group/10217866/view
