2021-7-22 23:00 |
As part of China’s efforts to expand the scope of its upcoming central bank digital currency (CBDC) project, the city of Shenzhen has issued the country’s first digital yuan insurance policy. origin »
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China’s digital yuan adoption faces “bottlenecks” due to user reluctance and competition from platforms like Alipay, says Charles Chang, a director at a Shanghai-based university. China‘s central bank digital currency — also known as the digital yuan — is still…
2024-12-2 12:14 | |
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Central banks from around the world have been working to create digital versions of their currencies. In China, the People’s Republic of China (PBoC) started testing its digital yuan in 2021.
2023-9-19 15:57 | |
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Jinan, the bustling capital of Shandong Province in China, now accepts payments using the digital yuan and has already been tried on its major bus like the B52 and BRT5. This marks a new dawn for China’s adoption of digital currencies in their economy as Jihan has taken a significant leap forward and embraced digital […]
2023-7-5 21:30 | |
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Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.
2023-2-7 18:30 | |
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As Lunar New Year approaches, China making headway with its plans to adopt a central bank digital currency (CBDC). The post Is China Reaching Tipping Point with Adoption of Its Digital Yuan? appeared first on BeInCrypto.
2023-1-21 15:00 | |
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Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citizens.
2022-5-29 13:57 | |
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Of the nearly 80 countries currently interested in developing Central Bank Digital Currencies (CBDCs), China is the clear leader. China, one of the first countries to show interest in CBDCs, has also announced its plans to be using its CBDC, the digital Yuan, by the time the Olympics come around in February 2022. The People’s […]
2021-7-28 23:39 | |
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A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability.
2021-7-17 12:44 | |
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Meanwhile, the Fed Chair is in no rush to issue a digital dollar either as the focus is on doing it right than doing it fast. The post SEC Commissioner Hester Peirce: Stablecoins May Be USA’s Answer to China’s Digital Yuan first appeared on BitcoinExchangeGuide.
2021-4-30 17:15 | |
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China has taken another leap in its developmental efforts of its Digital Currency Electronic Payments [DECP]. On Monday, reports pointed out that Ant-backed MYbank will be joining the digital yuan triThe post China enlists Tencent and Ant-backed banks for digital yuan trial appeared first on AMBCrypto.
2021-2-22 16:00 | |
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China has made tremendous progress with regard to its digital Yuan and has been testing its use on quite a larger scale. It recently started the test of the Digital Currency Electronic Payment [DCEP] The post China: Beijing to issue 10M digital yuan to increase utilization appeared first on AMBCrypto.
2021-2-7 13:15 | |
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China has been striving to release its own digital currency or Digital Currency Electronic Payment [DCEP] in 2021. According to recent reports, it has been actively testing its digital yuan in differeThe post China's DCEP to be tested in Beijing and Shanghai appeared first on AMBCrypto.
2021-1-24 16:00 | |
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The government of Shenzhen, China, has announced via a WeChat post that its digital yuan test exercise, which went live on January 7, this year, has recorded massive success, as residents have used the central bank digital currency in nearly 140,000 transactions during the testing operation, reports TheBlock on January 18, 2021. China’s CBDC GainingRead More
2021-1-20 00:00 | |
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Soon, it will also be the largest retailer so far to test and accept the Digital Yuan for purchases on their site. The Digital Yuan is a central bank digital currency, or CBDC, issued by the central bank of China, the People’s Bank of China.
2020-12-7 19:17 | |
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China’s central bank digital currency (CBDC) testing train is scheduled to make its next stop in the city of Suzhou as authorities accelerate plans to issue the digital yuan. While several countries are actively involved in developing their sovereign digital currencies, China is reportedly leading the global CBDC revolution.
2020-11-24 00:03 | |
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While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race.
2020-11-22 20:38 | |
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The People’s Bank of China’s CBDC pilot program has seen $300 million worth of Digital yuan spent, as of Nov 2, 2020. This occurred over four million separate transactions. China’s Digital Future While the race for a large economy to launch a digital currency continues unabated, China is making some headway.
2020-11-3 22:20 | |
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China’s Central Bank assists Shenzhen citizens in using its digital currency as payments to refuel their motor vehicles. The community in the tech hub of China (Shenzhen) received $1. 5 million in digital Yuan, airdropped to gear up the project, 11 gas stations are now accepting digital currency as payments, reported Economic Information Daily.
2020-10-18 17:41 | |
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While other countries are still busy studying the opportunities and risks associated with central bank digital currencies (CBDC), like the US, China’s digital yuan trial is in full force. People have already received the DCEP and started using it at convenience stores.
2020-10-13 19:32 | |
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China continues to push on with its central bank-issued digital currency trials. The latest initiative saw 50,000 citizens receive the digital yuan to use at real-world retailers. The government of the tech hub region of Shenzhen sent out a total of almost 10 million yuan (~$1.
2020-10-14 14:36 | |
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The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.
2020-10-10 21:05 | |
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An official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities.
2020-10-7 01:03 | |
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The digital renminbi is legally compensatory to China’s fiat currency.
2020-9-15 12:32 | |
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China’s digital yuan ‘DC/EP’ might soon be replacing the fiat renminbi in circulation following an announcement by the country’s ministry of commerce to scale the pilot in more cities. This PBoC backed digital currency has been in progress since 2014 but was only piloted recently, marking a significant milestone towards the adoption of CBDC’s. The […]
2020-8-17 17:06 | |
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China’s digital currency program is set to expand to its capital Beijing and other major cities including Tianjin, Hebei, Guangdong, Yangtze River Delta as well as Hong Kong- Macau Greater Bay Area. According to an official announcement made by China’s commerce ministry, the digital RMB pilot programs will be led by the Chinese Central Bank, […]
2020-8-15 01:23 | |
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China’s central bank digital currency could be inching closer to its official launch, as some top state-run commercial banks in the country are reportedly trialing a digital wallet for the national digital currency.
2020-8-7 23:07 | |
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China’s digital yuan looks to be scaling smoothly but its core political slogan may disrupt further development.
2020-7-26 18:30 | |
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Popular restaurant franchises including Starbucks, McDonald’s, and Subway could be the first of the many companies that are reportedly being considered to test China’s central bank digital currency (CBDC) – the digital yuan.
2020-4-24 17:00 | |
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China’s national digital currency or ‘CBDC' or as they call it, “DC/EP” has been in development for 5 years now. And there has been plenty of speculation since the last quarter of 2019, that it will be released anytime soon.
2020-4-19 22:56 | |
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Coinspeaker China’s Digital Currency Finally Begins to Take Shape, More Details ReleasedThe moment everyone has been waiting for has finally come. The anticipated digital Renminbi, China’s Central Bank digital currency (CBDC), is back on the news and this time with more details about its operation.
2020-1-31 22:53 | |
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China’s new sovereign digital currency would not be open to speculation like other cryptocurrencies, said a Chinese central bank official on Saturday. Mu Changchun, head of the People’s Bank of China’s digital currency research institute said it would be a “digital form of the yuan” that wouldn’t need the backing of a basket of fiat […]
2019-12-23 19:11 | |
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China's presence in the blockchain and digital asset ecosystem has never been more prominent. Not only has China conceded to the development of its own digital currency, a digital Yuan, but the ChinesThe post China's digital yuan may eventually challenge USD hegemony: Kenneth Rogoff appeared first on AMBCrypto.
2019-11-28 17:30 | |
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The PBoC (People’s Bank of China) was recently forced to release a statement indicating that its much anticipated digital asset was still in its testing stages. This news comes during a time when there are online reports insinuating that dates had already been set for the official launch of the stablecoin. DCEP or the Digital […]
2019-11-15 22:47 | |
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The People’s Bank of China addresses rumors about its digital currency launching in Q1 2020. Speculations mount about the government-backed cryptocurrency. A few details are known about the upcoming digital renminbi.
2019-11-14 12:53 | |
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China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.
2019-11-6 10:00 | |
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Coinspeaker China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be StoppedRecently China's Research Institute on Digital Currencies changed its director to Changchuan Mu, who elaborates on the idea of the upcoming PBoC's digital currency and regulation of Facebook's Libra.
2019-9-20 13:28 | |
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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 | |
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According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers.
2019-8-12 21:42 | |
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Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready.
2019-8-11 12:33 | |
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Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency
2019-8-10 23:42 | |
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The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U. S. and China that have escalated the trade war into a full-fledged currency war.
2019-8-8 03:00 | |
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On Friday, August 2, 2019, the People’s Bank of China (PBoC) supposedly held a video conference in which things that needed to be achieved in the second half of the year were elaborated upon. According to The Block, China’s central bank reported its plans to accelerate its goals with regard to a country-wide digital currency […]
2019-8-3 17:24 | |
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The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […] The post China’s central bank fast-tracks R&D of its legal digital currency appeared first on AMBCrypto.
2019-8-3 11:42 | |
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Businesses in Singapore can now have faster payments for goods purchased and services availed in China, thanks to InstaReM. Singapore-headquartered InstaReM is a digital cross-border payments company with a presence in over 40 countries, across Asia-Pacific, North America, and Europe.
2019-8-2 16:10 | |
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The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.
2019-7-26 14:10 | |
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American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets.
2019-7-26 14:02 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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Bitcoin is “Property” Under Chinese Law Boom, Bitcoin (BTC) has just seen a watershed moment in China. Despite the fact that the nation’s regulators turned on cryptocurrency, enforcing heavy regulations about digital asset trading, events,.
2019-7-21 02:30 | |
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The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility.
2019-7-19 17:00 | |
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The People’s Bank of China (PBOC) digital currency cryptocurrency regulation’s importance in its recently published 2024 Financial Stability Report. This reiteration is particularly noteworthy given the contrasting approach of crypto between mainland China and Hong Kong.
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Huang Yiping has expressed concerns about China missing out on financial development opportunities following the nation's ban on cryptocurrencies.
According Xie Ping, to a former official of the People's Bank of China (PBoC), the Digital Yuan is underused by the Chinese.