China Is Expanding Its Digital Currency Pilot To Two New Cities

1

China has outlined plans for further tests of its digital currency initiative, now aiming for trials in areas including Beijing and Hong Kong.

A digital renminbi trial will start in some of the country’s most developed regions, the Commerce Ministry said in an announcement on Friday that didn’t provide a timeline. Tests will take place in the area of northern China encompassing Beijing, coastal city Tianjin and Hebei Province; the city cluster in the Yangtze River Delta region including Shanghai; and the Greater Bay Area in the Pearl River Delta Region including Shenzhen, Hong Kong and Macau.

Cities in central and western China may also undertake the trials if they meet certain conditions, the ministry said, without specifying what they were.The exercise will kick off in Shenzhen, Chengdu, Suzhou, Xiong’an and sites for the 2022 Winter Olympics and will then expand to other regions, the announcement said.

The digital currency trials are part of a broader package of initiatives Beijing rolled out on Friday to stimulate innovation and encourage further opening of its service sector. The same day, the country reported steady industrial growth in July, though retail sales continued to show weakness.

China has been ramping up plans and testing for the People’s Bank of China digital currency in recent months, an initiative that some see as a threat to cryptocurrencies like Bitcoin and even potentially someday to the U.S. dollar’s dominance.

In April, Bloomberg News reported that state-owned Chinese banks were conducting internal, hypothetical-use tests of the currency. Last month, Softbank Group Corp.-backed ride-hailing company Didi Chuxing said it was working with the PBOC on tests of the currency and Bloomberg reported that Tencent Holdings Ltd.-backed food delivery giant Meituan Dianping was planning tests on its platforms as well.

More must-read international coverage from Fortune: Masks, small classes, and outdoor lessons: How 5 countries in Europe are reopening schools The U.S. wanted to starve Huawei of chips. It’s working Big Tech defends H-1B visas against Trump’s “un-American” crackdown “Irreplaceable”: U.S. WeChat users struggle to imagine life without the app Trump wants to ban .Want to find the next $10-billion-plus takeover target? Watch executive stock sales carefully…..

Read More: Fortune

bevtraders-2

Ripple News: R3 Launches Corda Network — How Does This Impact XRP?

The long-awaited Corda Network (CN) has finally been launched by the enterprise blockchain software firm, R3. The Corda Network will be governed by a newly-created not-for-profit organization called the Corda Network Foundation. R3 announced the news in a press release on January 16, 2019, stating that the newly created foundation will take over the governance and work encouraging the growth and adoption of the Corda Network…….

Source: Ripple News: R3 Launches Corda Network — How Does This Impact XRP?

Blockchain and Cryptocurrency Are Not Much Useful for Visas

https://www.pivot.one/share/post/5c20839f1d57e70d797d7990?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Forex Dollar on Track for Weekly Gain on Upbeat U.S. Data, Sterling Slump – Investing Guru

1.jpg

The dollar rose against its competitors Thursday as largely bullish financial statistics reaffirmed investor expectations that the U.S. economy stays on solid foundation, even though a slump in the pound also lifted sentiment. The, which steps the greenback against a trade-weighted basket of six major currencies, climbed by 0.26percent to 96.91. A deluge of financial data including retail sales which topped economist estimates paved the way for the greenback to add to gains, keeping it on course to record a fifth-straight weekly gain…………..

Read more: http://news.investingguru.com/2018/11/15/forex-dollar-on-track-for-weekly-gain-on-upbeat-u-s-data-sterling-slump/

 

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

Forex Power Indicator Strategy Training

1.jpg

The FX Power Indicator gives you the TRUE strength of each individual currencies to you can find the absolute best trades.

Discover

  • Instantly know which Currencies are the strongest and weakest
  • Take advantage of the most powerful and consistent trends across multiple time frames You will learn what time frame you should trade pullbacks 
  • Quit guessing about which pairs will continue to go up and which are ready to reverse

2.jpg

This tool has increased my accuracy AND risk to reward simply by knowing how to pair the weakest currency with the strongest one instead of just looking at the chart and guessing.

In this training modules you will :

  • Discover the next big trading talent, in the largest community of traders in the world
  • Comment, rate, participate social features and tame the market using the wisdom of the crowds
  • Stay in control with the most advanced and feature-rich platform to customize your experience
  • Doesn’t matter if you are newbie; learn the basics the easy way – maybe you will become #1 Trader one day!
  • We are truly customer-oriented: our ace Customer Support is always here to help
  • High Leverage and Bonuses High leverage up to 400:1 and 100% in welcome bonuses
  • Trade FX, commodities, indices, equities and more
  • Fixed or floating spread trading with up to 400:1 leverage
  • Free iOS/Android mobile apps for on the go trading
  • Fully Regulated Broker Multiple award-winning broker with over 10 years of industry experience
  • Advanced customisable charting and analysis tools
  • Copy experienced traders with MQL5 and EA integration

1.jpg