Biden Administration Closely Observing China’s Digital Yuan Trials

2021-4-13 13:00

The Biden administration is keeping a close eye on China’s digital yuan ambitions. Digital Yuan Could Destroy Dollar Hegemony According to a Bloomberg report published on April 12, the Biden administration is stepping up scrutiny of China’s ambitious digital yuan CBDC project.

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Источник: btcmanager.com

yuan digital → Результатов: 126

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.

2024-5-14 18:22	CBDC
yuan digital balances transfer immediately recipients bank

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China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.

2023-10-13 22:12	Yuan
yuan digital payment come develop solutions hard

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CBDC: Chinese Digital Yuan Records $250 Billion In Transactions

China’s digital yuan has witnessed tremendous growth as the central bank ramps up its CBDC pilot in the last one-and-a-half year. According to the Chinese central bank governor, Yi Gang, within that period, the digital yuan has facilitated nearly $250 billion in transactions.

2023-7-20 14:30	Digital Yuan
yuan digital bank transactions cbdc central chinese

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Singapore’s DBS Bank Launches Digital Yuan Payment Solution in China

DBS Bank, a leading Singaporean bank in China, has launched a digital yuan merchant collection solution, marking DBSs first client transaction with Chinas digital yuan. This solution allows DBS’s corporate...

2023-7-6 16:47	News
yuan digital bank dbs solution china transaction

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Chinese City to pay civil servants using digital yuan

Changshu City in Jiangsu Province, East China, will begin paying all public sector personnel in e-CNY, better known as digital yuan, from May 2023

2023-4-24 18:24	Digital Yuan
yuan digital city e-cny personnel public all

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WeChat Integrates Digital Yuan To Bolster Payments

WeChat, a popular app in China, has integrated the digital Yuan into the platform. The aim is to make payments faster and seamless for the app users. Apart from WeChat, another payment app in China, Alipay also supports the digital Yuan.

2023-3-7 19:20	Hong Kong
yuan digital app wechat china payments apart

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China’s 180M digital yuan airdrop, Devastation in Turkey, Laos’ CBDC: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.

2023-2-10 00:30	Columns
yuan digital asia china million 180 year

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First Digital Yuan Land Transfer Executed in Chinese Province of Fujian

The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The post First Digital Yuan Land Transfer Executed in Chinese Province of Fujian appeared first on BeInCrypto.

2022-10-10 12:30
yuan digital land transfer executed paid fujian

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China Reports 264 Million Digital Yuan Transactions so Far This Year

China's digital yuan transactions amounted to 83 billion yuan (about $12.33 billion) by the end of last month as the country forges ahead with plans for the adoption of a digital currency. The post China Reports 264 Million Digital Yuan Transactions so Far This Year appeared first on BeInCrypto.

2022-7-15 19:00
yuan digital transactions china year billion million

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U.S. Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It ‘Bullying’

Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China's digital yuan. The post U.S. Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It ‘Bullying’ appeared first on BeInCrypto.

2022-5-28 21:17	United States
yuan digital china bill embassy chinese bullying

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U.S Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It “Bullying”

Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China's digital yuan. The post U.S Bill Seeks to Ban China’s Digital Yuan From App Stores, Chinese Embassy Calls It “Bullying” appeared first on BeInCrypto.

2022-5-27 21:17	United States
yuan digital china bill embassy chinese bullying

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China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS

The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and the University in Chicago outlined what all the rush is about, and how will the arrival of digital yuan, also known as e-CNY or DCEP, affect the […] The post China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS appeared first on CryptoSlate.

2022-1-5 08:00	CBDCs
yuan digital versions china android pilot ios

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China’s digital yuan deploys at speed, leaving dust in its path

From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape.

2021-7-8 15:47	CBDC
yuan digital nearing impractical labeled being mainstream

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Chinese banks tell staff to recruit up to 300 new digital yuan users each

Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year.

2021-7-7 04:13
yuan digital banks tasked china employees promoting

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Top banks in China Give Backing to the Digital Yuan

The major banking institutions based in Shanghai have aligned with the Digital Yuan over… The post Top banks in China Give Backing to the Digital Yuan appeared first on Coin Journal.

2021-4-28 13:54	Digital Yuan
yuan digital banks china backing give journal

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Ant Group highlights private sector's role in developing digital yuan

Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.

2021-4-27 21:00	China
yuan digital firms commerce tech instrumental china

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Hong Kong and China test cross-border digital yuan, says PBoC official

The digital yuan continues to develop apace.

2021-4-2 14:32
yuan digital apace continues develop test china

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State-owned Chinese bank rolls out ATMs for digital yuan

The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.

2021-1-11 13:30	Libra
yuan digital bank enables program pilot citizens

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Chinese Lottery Winners to Receive Free Digital Yuan

The central bank digital currency, or CBDC, is a permissioned, state-run cryptocurrency that allows China to track the spending habits of its yuan users. It can also adjust inflation rates and even block citizens from accessing their accounts.

2021-1-5 21:51
yuan digital adjust inflation rates users block

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Chinese residents make 20K transactions in digital yuan trial event

The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.

2020-12-14 01:33	CBDC
yuan digital residents giving government municipal away

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Suzhou Becomes the Latest City in China to Introduce Digital Yuan

According to reports from BTC in China, the city, just to the west of Shanghai, will be the second to roll out what’s being called a “red envelope” trial for the forthcoming digital yuan. Plans for Suzhou come on the heels of a pilot scheme run in Shenzhen last month.

2020-11-24 16:34
yuan digital china city suzhou forthcoming plans

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Digital yuan will work with WeChat and Alipay, says bank exec

Details regarding the digital yuan's characteristics are taking shape.

2020-10-26 14:19	Central Bank
yuan digital details taking shape characteristics regarding

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Chinese Shenzhen Rolls Out 10M Digital Yuan in Public Giveaway Program

Coinspeaker Chinese Shenzhen Rolls Out 10M Digital Yuan in Public Giveaway ProgramThe aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district.

2020-10-12 10:56
yuan digital program chinese 10m shenzhen giveaway

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China’s Digital Yuan Is Legally Compensatory to Local Fiat Currency

Coinspeaker China’s Digital Yuan Is Legally Compensatory to Local Fiat CurrencyThe digital yuan introduction is seen as a silent way for the Chinese government to make a huge move in accordance with the global market need and also a way to control the fast-growing ‘uncontrolled’ crypto industry.

2020-9-15 16:24	XRP
yuan digital way china fiat local compensatory

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China’s Digital Yuan CBDC Is Close, but Many Details Remain Unknown

Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability.

2020-8-18 19:34	SWIFT
yuan digital yet sure overall mainstream viability

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With the Dollar’s Days Numbered, Is There Room for a Digital Yuan?

Ever since its public announcement in June 2019, China’s digital yuan initiative has been closely tracked by the cryptocurrency industry. And as the first phase of testing begins in the... The post With the Dollar’s Days Numbered, Is There Room for a Digital Yuan? appeared first on Crypto Briefing.

2020-5-13 16:39	USD
yuan digital days numbered dollar room industry

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Digital Yuan’s (DCEP) Ability to Dominate Cash Depends on 4 Keys: Former Bank of China Pres.

China is on the brink of launching its digital yuan for commercial use as the government has already started the pilot run a couple of weeks ago. During the pilot run of the digital yuan or the DC/EP system, the government employees of 4 major cities were given digital yuan in the form of travel […]

2020-5-7 19:28	CBDC
yuan digital run pilot government china weeks

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Fearing ‘Currency Struggle,’ Japanese Politicians Want G-7 Response to China’s Digital Yuan

Some of Japan's lawmakers fears a digital yuan could create economic disruption if it replaces the U.S. dollar in international markets.

2020-2-7 15:20	CBDCs
yuan digital disruption economic could create international

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What Are China’s Goals Behind Its Digital Yuan?

The story of the digital yuan is more complex than we knew and Professor Michael Sung explains why.

2020-2-4 18:05
yuan digital knew explains michael professor complex

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China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities

2019-12-9 12:43	Banks
yuan digital pilot cities participants economic two

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Holders of the Digital Yuan Will Not Be Paid Interest

China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far.

2019-11-9 22:00	Finance
yuan digital interest china holders paid official

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China's digital yuan will be the 'weapon' of de-dollarization

Whether the dollar likes it or not, the digital yuan is coming. China has staked its claim for a digital version of its fiat currency, and by the looks of things, the ambition is truly global.

2019-11-7 16:30	Altcoins
digital yuan china de-dollarization weapon things looks

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PBoC official on CBDC: Front runner will take the whole market

China's Central Bank, People's Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a "horse race" with financial institutions adThe post PBoC official on CBDC: Front runner will take the whole market appeared first on AMBCrypto.

2019-11-6 16:30	Trading View
pboc official whole market china bank take

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Coinbase officer's call for tokenized U.S Dollar wins Circle CEO's support

Amidst reports suggesting that China is coming up with a government-backed digital yuan, many well-known crypto-proponents in the space have urged lawmakers to tokenize the U. S dollar. In the latest dThe post Coinbase officer's call for tokenized U.

2019-11-5 18:00	Trading View
dollar support coinbase circle ceo call wins

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Joe Lubin: China Will Avoid Blockchain’s ‘Decentralizing Aspects’

Ethereum co-founder and ConsenSys CEO Joe Lubin says he doesn’t see a reason for China’s central bank to implement blockchain for the digital yuan

2019-11-6 11:28	ethereum
blockchain china lubin joe central reason see

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China could back their digital yuan with something unexpected - Gold

Red and Gold, not Red and Yellow. China is leading the race for the first central bank-backed digital currency. However, the term "backed," might not be what most people expect. The People's BanThe post China could back their digital yuan with something unexpected - Gold appeared first on AMBCrypto.

2019-11-2 14:30	News
digital gold china red people unexpected could

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China, Europe will lead CBDC race as South Korea opts out

China sparked a debate that is spreading like wildfire throughout the world. With the developments surrounding Beijing's Digital yuan, a project which has been in development for over a year, competinThe post China, Europe will lead CBDC race as South Korea opts out appeared first on AMBCrypto.

2019-11-1 16:00	News
china south out opts korea race europe

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LATOKEN lists bitCNY stablecoin from BitShares

LATOKEN lists bitCNY stablecoin from BitShares - CryptoNinjas LATOKEN, a popular crypto exchange and services company, announced today the listing of BitShares BitAsset bitCNY, a stablecoin for the Chinese yuan.

2019-10-17 15:57
bitshares stablecoin bitcny latoken lists platform cryptoninjas

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Libra, China’s CBDC could divert Euro supply: Bank of France’s Denis Beau

Over the past few months, the confluence of payments and the global economy has never been clearer. With Libra sending tremors from Washington D. C. to Paris, and China unveiling its plan to launch a digital yuan, ill-prepared lawmakers are feeling the brunt of not paying enough attention to the growing digital payments industry.

2019-10-16 09:43	Libra
libra china beau digital denis payments divert

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Pomp: The U.S. Must Tokenize the Dollar to Remain Competitive

In a recent interview with CNBC’s Squawk Box, Anthony Pompliano, the co-founder of Morgan Creek Digital, has argued that the United States must tokenize the dollar to remain competitive in the shifting global financial landscape.

2019-9-29 22:07	US dollar
tokenize dollar competitive remain must pomp pompliano

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PBoC Denies Claims It Will Launch Digital Currency in November

China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.

2019-9-23 15:20
november digital issue yuan through major companies

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China’s Crypto Could Become a Global Reserve Currency: Circle CEO

Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Speaking to CNBC's Squawk Box, Allaire highlighted the budding prospects of the central bank digital currency (CBDC), suggesting that it could act as the "mechanism" for worldwide adoption of the yuan.

2019-9-14 20:39	SWIFT
currency could ceo china circle reserve global

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ICYMI: Circle CEO Weighs in on China’s Digital Currency Initiative, Facebook’s Libra, and Lunch with Warren Buffett

In a series of interviews over the last week, Circle CEO Jeremy Allaire has weighed in on how China is far ahead of any other country in creating a Central Bank Digital Currency and why that will help lead to the internationalization of the yuan. He has also broken down

2019-9-14 18:34
currency digital china ceo circle bank central

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Tether pips China to post with digital yuan

Controversial stablecoin Tether is launching a new stablecoin dubbed 'CNHT' pegged to the offshore Chinese yuan.

2019-9-12 15:01	BNC insights
yuan tether stablecoin cnht dubbed pegged chinese

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Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto

China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.

2019-9-12 13:00	China
digital central china bank crypto currency pushing

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Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC).

2019-9-12 22:30	Yuan
digital china cryptocurrency currency three yuan know

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China Is The Closest To Issuing a Central Bank Digital Currency Than Any Other Country

In an interview with Phoenix Chinese news Circle CEO Jeremy Allaire has said that China is the closest to getting a Central Bank Digital Currency (CBDC). China's Phoenix TV interviewed Circle CEO @jerallaire on CBDCs, the internationalization of the Yuan, the rise of USD Coin and the rapidly growing global stablecoin phenomenon. Full interview: https://t.co/Ru29jhLUTj […]

2019-9-12 19:35	Legal & Regulation
china phoenix currency circle ceo digital interview

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Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition

Coinspeaker Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto CompetitionCircle CEO Jeremy Allaire said that China's research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.

2019-9-11 17:32	Tether
ceo china crypto lead cryptocurrency thinks circle

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China is Already a Digital Economy, so why Introduce a Central Bank Digital Currency?

China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3. 8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods.

2019-9-11 13:16	PBoC
digital 2019 payments china alipay wechat according

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China’s Industrial Bank rewards digital yuan spending with carbon credits

Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY ecosystem. The post China’s Industrial Bank rewards digital yuan spending with carbon credits appeared first on Crypto Briefing.

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

Digital yuan being dumped in favor of cash

While Beijing is trying to popularize its digital yuan, only a few seem to be ready to use it. As Chinese government employees, especially those in state-owned enterprises and governmental organizations, become early adopters of receiving their salaries in digital…

Standard Chartered to offer support for China’s digital yuan

Standard Chartered Bank has announced its upcoming participation in China’s digital yuan, also known as digital renminbi (RMB), with the pilot project set to commence on Nov. 27. The bank said it will provide customers with digital yuan exchange, redemption, and other services.

PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report

PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.

China FX regulator supports CBDC amid monetary policy

A Chinese foreign exchange regulator official showed its support for the CBDC development, the digital yuan. Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), explained to the CNA agency that some of the main features of…

China launches first digital currency industrial park

China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province.

2021-4-13 13:00

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