Investors Move $50B in Crypto from China to Avoid Beijing Rules

Chainalysis reported that at least $50 billion of cryptocurrency moved from China-based digital assets to other parts of the world in 2019 hinting at capital …

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PBoC Starts Testing Digital Yuan on Food Delivery Patform

PBoC confirmed it will be testing a mobile application for storing and exchanging the digital yuan, after screenshots circulated on social media. Internal tests will …

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Exclusive: Who Will Win the Central Bank Cryptocurrency Race?

The rise in demand for digital payments during the COVID-19 pandemic further highlighted the importance of CBDCs and intensified the global race between central banks. …

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Facebook’s Libra Appoints HSBC Legal Chief Stuart Levey as CEO

Stuart Levey will step down as Chief Legal Officer for HSBC Holdings this summer. Then, he will join the Libra Association as its CEO.  Facebook‘s …

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