2023-10-13 22:12 |
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan. origin »
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Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
2024-5-14 18:22 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape.
2021-7-8 15:47 | |
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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 | |
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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 | |
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Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.
2021-4-27 21:00 | |
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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.
2021-4-13 13:00 | |
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The digital yuan continues to develop apace.
2021-4-2 14:32 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Details regarding the digital yuan's characteristics are taking shape.
2020-10-26 14:19 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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The story of the digital yuan is more complex than we knew and Professor Michael Sung explains why.
2020-2-4 18:05 | |
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Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities
2019-12-9 12:43 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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Controversial stablecoin Tether is launching a new stablecoin dubbed 'CNHT' pegged to the offshore Chinese yuan.
2019-9-12 15:01 | |
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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 | |
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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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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 | |
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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 | |
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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 | |
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A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.
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.
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.