China’s central bank says crypto gave impetus to the creation of its CBDC

2021-7-17 12:44

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.

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digital china bank allow development yuan programmability

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Источник: cointelegraph.com

digital china → Результатов: 126

Here’s why conservatives are opposing a digital dollar CBDC

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
digital china currencies versions people republic yuan

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Jinan Leads the Way: China’s First Cashless Bus Network Accepts Digital Yuan Payments

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
digital china yuan payments jinan accepts bus

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Digital Yuan Gifts In China During Holiday To Increase Adoption, Report Says

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	Yuan
digital china yuan currency forming gradually e-cny

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Is China Reaching Tipping Point with Adoption of Its Digital Yuan?

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
digital china yuan reaching adoption tipping point

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Digital Yuan Ban: Senators Seek To Ban China’s E-CNY From US App Stores

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
digital china ban senators yuan concern could

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The Impending Dangers of China’s Digital Yuan And Why it Poses Zero Threat to Bitcoin

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	xbtusd
digital china countries cbdcs yuan using cbdc

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China Debuts Digital Yuan Pilot For Insurance Policies

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.

2021-7-22 23:00	PBoC
digital china insurance yuan bank project cbdc

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SEC Commissioner Hester Peirce: Stablecoins May Be USA’s Answer to China’s Digital Yuan

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	CBDC
digital china yuan sec doing answer commissioner

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China enlists Tencent and Ant-backed banks for digital yuan trial

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	News
digital china ant-backed yuan trial enlists banks

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China: Beijing to issue 10M digital yuan to increase utilization

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	News
digital china yuan utilization beijing increase 10m

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China's DCEP to be tested in Beijing and Shanghai

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	News
digital china dcep currency tested shanghai beijing

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Shenzhen’s Digital Yuan Test Records Massive Success

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
digital china january success yuan test massive

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Second Largest Online Retailer in China Adopts Digital Yuan

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
digital china bank yuan central largest retailer

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China: Suzhou Eyes Black Friday for Digital Yuan CBDC Test

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
digital china cbdc yuan suzhou several countries

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The US election seals China's victory in digital currency supremacy

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	Central Bank
digital china currency unclear leading race future

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China’s Digital Yuan Reaches $300 Million Spent

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
digital china million spent yuan economy large

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China Trials Its Central Bank Currency, The Digital Yuan, In Shenzhen’s Gas Stations

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	CBDC
digital china currency shenzhen stations bank payments

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China’s Digital Yuan Trial in Full Force, DCEP Lottery Winners Using Digital RMB at Over 3,300 Stores

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	CBDC
digital china using stores dcep yuan trial

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China Trials Central Bank Digital Currency with $1.5 Million in Handouts

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
digital china million central trials currency yuan

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U.S. Vs. China: who will win the digital currency war?

The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.

2020-10-10 21:05	Decentralization
digital china embrace privacy-focused crypto needs order

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China Central Bank Official Reveals Results of First Digital Yuan Pilots

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	CBDC
digital china official central bank trials state-backed

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No one can refuse China’s digital currency, says central bank exec

The digital renminbi is legally compensatory to China’s fiat currency.

2020-9-15 12:32
digital china currency renminbi fiat legally compensatory

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China to Scale Digital Yuan Pilot to 28 Cities as it Solidifies Its Tokenomics Dominance

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	CBDC
digital china cities scale pilot yuan progress

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China to Start Testing its Digital Yuan in Beijing and Other Major Cities

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	Cryptocurrency News
digital china major cities beijing made testing

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China: State Commercial Banks Trial Digital Wallet for CBDC

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	PBoC
digital china currency wallet commercial banks state-run

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It Is the China Dream That Hinders Digital Yuan Says Fisco Executive

China’s digital yuan looks to be scaling smoothly but its core political slogan may disrupt further development.

2020-7-26 18:30	Japan
digital china yuan smoothly scaling looks core

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Report: McDonald’s, Starbucks, Subway Likely to Trial China’s Digital Yuan

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
digital china yuan mcdonald subway starbucks reportedly

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China Will Dry Run Its DCEP in May By Paying State Employees With The Digital Yuan

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	CBDC
digital china plenty dry development years speculation

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China’s Digital Currency Finally Begins to Take Shape, More Details Released

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
digital china details finally currency begins take

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China’s Central Bank Digital Currency is “Digital Form of the Yuan” & “Not for Speculation”

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	Bitcoin Innovation
digital china currency bank said speculation yuan

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China's digital yuan may eventually challenge USD hegemony: Kenneth Rogoff

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	Trading View
digital china yuan may rogoff kenneth eventually

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China’s Central Bank (PBoC) Forced by Fake Website to Deny Launch of Its Digital Crypto (DECP)

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	Blockchain Technology
digital china launch bank pboc forced dates

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China Clarifies Digital Currency Launch Rumors but Barely Kills the Hype

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
digital china currency rumors launch bank people

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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

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	Regulation
digital china currency blockchain central bank co-founder

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China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be Stopped

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
digital china libra facebook institute currency research

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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 Ready to Roll out State-Backed Digital Currency

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	Cryptocurrency
digital china ready currency centralized bank roll

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China’s central bank announces completion of virtual currency after meticulous planning since 2014

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
china bank currency completion central people pboc

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Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?

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	Cryptocurrencies
digital china technologies research finally decided state

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Despite Bitcoin “Gold 2.0” Narrative, Long-Term Correlation With Gold Remains Loose

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	Crypto
gold bitcoin narrative despite war loose long-term

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People’s Bank of China (PBoC) Talks Plans to Fast-Track R&D Related to its Legal Digital Currency

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	Industry
china bank currency digital plans people pboc

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China’s central bank fast-tracks R&D of its legal digital currency

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	Libra
china bank currency digital development people fast-tracks

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Ripple Partner InstaReM Enables B2B Payments in China

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	Ripple (XRP)
instarem payments ripple china north america europe

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China Can Crush Facebook’s Libra With Its Digital Currency: Huawei CEO

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	Libra
china huawei ceo currency digital facebook libra

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Tim Draper: Bitcoin Ban Will Set India Back 40 Years

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	tim draper
india bitcoin tim ban crypto years set

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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report

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	hard fork
cryptocurrencies bitcoin venezuela jetman newspaper sent pay

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Bitcoin (BTC) Sees Watershed Moment in China, And It’s Bullish

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
bitcoin china moment btc watershed bullish sees

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China Acknowledges Value of Bitcoin in Landmark Ruling

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
bitcoin china court value hereread verdict vocally

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Chinese court upholds legality of Bitcoin ownership, BTC protected by China’s property laws

A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property. ” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.

2019-7-19 06:26	Regulation
bitcoin property china court protected chinese legal

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