The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

China’s Blockchain Leader Says Digital Currency on Track to Reconstruct Global Currency System

by Daily Hodl Staff
May 5, 2020
in Blockchain
[the_ad id="93550"]

Li Lihui, senior leader of the blockchain research group at the National Internet Finance Association (NIFA) of China, says the launch of the central bank’s digital currency is imminent.

Appearing in a livestream held by People’s Daily covering the issuance of China’s digital yuan and how it will impact cash flow and monetary policy, the former governor of the Bank of China pinned digital currencies at the core of the future global digital economy, according to the report.

Lihui also expects blockchain-based digital assets to thrive but their future will depend on breaking through to large-scale applications. CoinNess reports that Lihui believes that the key hurdle is crypto’s hallmark volatility. If solved, the emerging digital assets could also go mainstream and power payments at scale.

https://twitter.com/CoinNessCom/status/1257715997844189184

Last year Lihui remarked that China, the world’s second-largest economy, was too dependent on foreign blockchain technology, referring to Chinese initiatives based on Quorum, Ethereum’s public enterprise solution, and Hyperledger, founded by the Linux Foundation with contributions from IBM.

[the_ad id="95413"]

He urged for industrial policies that give preferential treatment, including for taxes and fees, to research and development teams and companies that are building digital tech infrastructure to power the new economy.

Pushing President Xi Jinping’s agenda to position China as the world leader of blockchain, the National Intellectual Property Administration of China has seen an uptick in filings, granting 2,191 blockchain patents from 2017 to 2019.

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Alexander Supertramp

Submit a Press Release

Industry Announcements

  • Reppo Launches World’s First Liquid Node Sale, Pioneering Decentralized Data Infrastructure
    May 20, 2025
  • BingX AI Evolution Begins: A $300M Vision to Build the Future of AI-Powered Crypto
    May 20, 2025
  • Imrat Group Gains Priority Access to New Product: Bybit Launches Direct Stock Trading via Tether Stablecoin
    May 20, 2025
  • THORChain Faces Legal Action Over $200 Million Collapse Amid Alleged Mismanagement and Insolvency
    May 19, 2025
  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,821.08
$104,821.08
0.27%
Ethereum
$2,476.26
$2,476.26
0.85%
BNB
$643.85
$643.85
0.39%
Solana
$166.15
$166.15
1.48%
XRP
$2.34
$2.34
0.3%

Spotlight

  • Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs
    May 13, 2025
  • Quant Analyst PlanB Says New Bitcoin All-Time High Incoming With Sky-High Price Target in Its Sights
    May 13, 2025
  • $1,100 Ethereum Could Be Coming Before Real Rally Kicks Off, According to Benjamin Cowen – Here’s Why
    May 13, 2025
  • Fake CAPTCHA Scam Targets Millions of University Students With Unknown Malware: Report
    May 13, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl