CHINA TOPIX

11/21/2024 09:41:37 pm

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Digital Currency

China To Launch Digital Currency.

China is Inching Closer to Launch Digital Currency in Market

China is closer than ever before in embarking on a digital currency revolution as the People's Bank of China (PBoC) successfully completes the trail run of its prototype cryptocurrency.

Bitcoin

Payment App Circle Will No Longer Allow Users to Buy or Sell Bitcoin

Social payment app Circle recently announced that it will no longer allow its users to buy or sell bitcoin on its platform. Circle said that the digital currency did failed to integrate itself into the app's core business.

Circle uses the digital currency bitcoin to manage worldwide money transfers.

Payment App Circle to Expand Payment Service in China with $60 Million Funding

Circle Internet Financial Ltd. has announced that it has already raised raised $60 million in new funding from China-based investors. The company also unveiled a dedicated domestic subsidiary, Circle China.

Ecuador President Rafael Correa

Ecuador is on Track to Create its Own Digital Currency

Ecuador is on track to be the first country to have its own digital currency. Distribution of the currency is aimed for December of this year.

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