In this era of persecution, some in the media were excited by the appointment of Yi Gang to the governorship of the central bank because of his use of the word ‘inspiring’ when talking about Bitcoin once. Yi, who has a Ph.D. from the University of Illinois, is opening up China’s payments market to foreign firms for the first time and ... On Monday, the People’s Bank of China (PBOC) governor Yi Gang announced that 4 million separate transactions had been done so far using China’s new digital currency. He gave an estimate of more than 2 billion digital yuan spent. The 2 billion ($300 million) yuan was used during China’s digital currency pilot. Being the initial […] Bitcoin may be forming a mid-term top around its recent highs, with the multiple rejections posted at $13,800 not bearing too well for its short-term outlook The cryptocurrency remains caught within a potent uptrend, but this level is proving to be incredibly difficult for bulls to break If they continue failing to find any stability around this level despite the bullish monthly candle close ... China’s central bank governor Yi Gang has said that the nation’s digital yuan pilot projects have processed transactions worth over $299 million without any major problems. This suggests that China is much ahead of its competitors in developing and studying the central bank digital currency (CBDC). However, the European Central Bank does not want to The pilot program on the digital yuan rollout across four cities - Shenzhen, Suzhou, Xiong'an, and Chengdu has been smooth, said Yi Gang, governor of China's central bank People's Bank About Bitcoin Bitcoin is facing selling at the $14,000 mark and this has resulted in several cryptocurrencies dropping below their support levels. China’s central bank governor Yi Gang has said that the nation’s digital yuan pilot projects have processed transactions worth over $299 million without any major problems. This suggests that China is much ahead of its competitors in developing and studying ... The use of Chinese digital yuan has been nearing $300M for a while now as more than 2B digital yuan has been spent in 4 million transactions
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