China fast-tracks its own cryptocurrency

The People’s Bank of China cryptocurrency

Asia AI News 24 July 2019 – Facebook’s Libra cryptocurrency launch seems to have inspired China’s central bank, The People’s Bank of China (PBOC), to fast-track its own national digital currency plans. Some see this as a strategy to assert control, while others see the move as a positive sign that regulators are embracing blockchain and cryptocurrencies.

Global coverage of STAR Market’s stellar trading debut continues, however questions are now being raised about its future after all but four of the 25 IPOs saw their share price fall. Read these stories, plus news of SenseTime’s new Europe, Middle East and Africa (EMEA) AI Excellence Centre in the United Arab Emirates in today’s Asia AI News.

Startups, investment firms and other organisations featured in today’s newsletter:

BAIDU (China)
BIGO (Singapore)
CB Insights (USA)
IMDA (Infocomm Media Development Authority) (Singapore)
Mahindra & Mahindra (India)
Neoma (Hong Kong)
Ping An Group (China)
SenseTime (Hong Kong)
STAR Market (China)
The National University of Singapore (NUS)

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