Electronic payments are already very popular in China. Photo: Shutterstock

China ‘Blockchain Day’ could become reality after Xi Jinping’s endorsement of technology

  • Communications Industry Association proposes that October 24 become the designated day to celebrate technology behind cryptocurrencies such as bitcoin
  • China is also looking to launch its own digital currency that would rival Facebook’s Libra having been a frontrunner in research into the technology
Topic |   China economy

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Electronic payments are already very popular in China. Photo: Shutterstock
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Facebook founder Mark Zuckerberg faced an hours-long grilling by US lawmakers last week in which he had to defend his company’s Libra digital project. Photo: Reuters

Facebook’s Libra is ‘delusional’ project that will never succeed, says prominent Chinese political figure

  • Huang Qifan, the former mayor of Chongqing, has joined the chorus of voices questioning Facebook’s Libra coin, saying the digital token is set to fail
  • Issuing digital currencies that could compete with sovereign money is ‘delusional’, says the prominent Chinese political figure
Topic |   China economy

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Facebook founder Mark Zuckerberg faced an hours-long grilling by US lawmakers last week in which he had to defend his company’s Libra digital project. Photo: Reuters
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