Ripple Chairman Says Firm Could Leave US if Regulatory Environment Doesn’t Change
Ripple has threatened to leave the U.S. if crypto regulation doesn't change.
Chris Larsen said China's "itching" to be the one that designs the next financial system, and that the U.S. is "woefully behind."
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.
Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.
A local report suggests the pilot is an indication the digital yuan is close to being launched.
Approximately RMB 1.1 million, or $162 million, have changed hands in 3.1 million initial digital yuan transactions.
The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA) and will work with members to trace supply chains in the country.