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Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023


The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year. Per Shanghai Securities News, the city – one of the most populous and wealthiest in China – has unveiled a new plan...

Charlie Munger Urges US Government to Ban Crypto Like China Has Done


Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract...

Changsha, China: 300,000 of Our Merchants Accept Digital Yuan


Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.... Read More: Changsha, China: 300,000 of Our Merchants Accept Digital Yuan

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit


Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...

This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years


Bitcoin has extended gains over the weekend ahead of celebrations for the Lunar New Year holiday and the Spring Festival throughout Southeast Asia, rallying to its highest level since August.... Read More: This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years

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