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China’s Central Bank Governor Says Digital Currencies Will Replace Cash, Regulated as Legal Tender

The governor of the People's Bank of China, Zhou Xiaochuan, said in an interview that digital currencies will inevitably replace cash, but they will be regulated if used as legal tender. Zhou noted that the PBOC has been examining digital currencies for some time. He indicated that physical cash is "low-tech" and that...
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Where’s China in Global Blockchain Movement? Starting a Digital Currency

One question at a Hong Kong blockchain conference yesterday shook up perspectives of R3's ambitious plan with 42 major banks to develop blockchain technology for the global financial sector. The questions was simply "Where is China?". The conference was Fintech Worldwide's "Blockchain Conference in Hong Kong", co-produced with international law firm Simmons &...
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Spanish Banking Giant Santander Sees Blockchain Tech Cutting Banking Costs $15-20B Yearly

Santander InnoVentures, the venture funding unit of Spanish banking giant Santander Group, recently released a paper called Fintech 2.0, promoting technological innovations that will reinvent financial services. The authors of the paper believe that the combination of the Internet of Things, distributed ledgers - essentially blockchains - and smart contracts will...
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