2023-2-6 18:25 |
According to reports in the media on Sunday, several cities in China launched digital yuan activities to promote usage during the Spring Festival holidays.
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The People’s Bank of China will continue to expand the pilot program for its digital yuan after having introduced the CBDC in 17 provinces. The post China’s Central Bank Expands Digital Yuan Pilots Across 17 More Provinces appeared first on BeInCrypto.
2023-1-30 09:45 | |
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China's digital yuan is seeing its adoption grow by the day, most recently in the transportation sector of Xiamen and Guangzhou. The post China’s Digital Yuan Rolled out on Transport Networks in Major Cities appeared first on BeInCrypto.
2022-5-10 17:30 | |
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China’s Foreign Ministry responded to U.S. senators’ claim regarding the digital yuan’s function as a tracking and tracing tool during the 2022 Beijing Winter Games.
2021-7-22 11:06 | |
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People's Bank of China has published a document to cover the latest updates on the progress of China's CBDC
2021-7-16 14:12 | |
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China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app.
2021-5-10 12:17 | |
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A former governor of the People’s Bank of China (PBoC) said China intends to… The post China to focus on local use for the digital Yuan appeared first on Coin Journal.
2021-4-20 13:49 | |
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China is now allowing citizens to transfer the digital yuan to each other by simply tapping phones. The new trial is a bid to make using the currency as simple as possible. Nikkei Asia has reported that China will further streamline the use of its digital yuan by supporting its use in everyday transfers.
2020-12-7 11:29 | |
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China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan.
2020-4-25 23:05 | |
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Binance launches the Venmo of Africa, Cuba gets a new exchange and Starbucks will trial the "digital yuan."
2020-4-24 20:15 | |
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Starbucks, Subway, and McDonald’s are among the 19 retail businesses that will be trialing China’s digital yuan in one of the country’s pilot program cities. Per reports, China has already started testing its digital currency in a real-world setting in order to improve the currency’s functionality.
2020-4-24 17:55 | |
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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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With a rapidly changing industry, if you’re into crypto it’s always best to stay informed. Here is a quick review of recent news from the crypto markets last week. From China’s digital Yuan, Facebook’s Libra announcement, to the Bitcoin halving and UBI-based cryptos – we’ve got it all! Let’s dive into the latest cryptoasset market […] The post The Latest Cryptoasset Market Update appeared first on ItsBlockchain.
2020-4-24 13:50 | |
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China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test.
2020-4-21 00:15 | |
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Bank of China officially replies to the public about the digital Yuan and says it will not cause inflation
2020-4-20 01:00 | |
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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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The subject of central bank digital currencies [CBDC] has gained considerable traction lately. The introduction of Libra in 2019 also pushed several countries to plan their own digital currencies.
2020-4-17 15:30 | |
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Yesterday, the crypto community was shocked when local reports suggested that the Agricultural Bank of China — one of the nation’s biggest commercial banks, which is coincidentally state-owned — has begun to test a national digital currency project.
2020-4-16 10:00 | |
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China is not slowing down in its blockchain ambitions and is in the final stages of the formation of a new coalition dedicated to the technology. The launch of its highly anticipated central bank digital currency has also been stepped up as leaked screenshots of the DC/EP app reveal that it could already be in […] The post Alleged Crypto Yuan Images Leak Online as China Finalizes Blockchain Coalition appeared first on BeInCrypto.
2020-4-15 10:40 | |
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Reports have surfaced that China’s Central Bank has made strides towards realizing their Central Bank Digital Currency (CBDC). In a virtual meeting by the People’s Bank (PBOC) top brass, whose focal point seems to be the discussion around the ongoing developments of China’s digital Yuan.
2020-4-6 17:22 | |
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Central banks across the globe are now pondering on the question of issuing a central bank digital currency [CBDC]. Having started with Facebook's Libra and China's public embrace of blockchain last yThe post United States' fiat currency needs re-evaluation, in light of digital Yuan appeared first on AMBCrypto.
2020-3-31 11:30 | |
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In late 2019, former CFTC Chairman J. Christopher Giancarlo's op-ed for the Wall Street Journal turned a lot of heads in the community. Giancarlo had publicly proposed the idea of digitizing the U.
2020-3-25 18:00 | |
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China is getting one step closer to a digital Yuan as the central bank has completed the CBDC basic function development
2020-3-25 00:37 | |
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The People’s Bank of China (PBoC) has secured a funding of 32. 5 million yuan ($4. 7 million) for its blockchain trade finance platform for key research and development projects. The country’s central bank has been spearheading this platform that was launched in Sept.
2020-3-10 22:09 | |
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The Central Bank of China was forced to postpone the development of the digital yuan, the state cryptocurrency of China, which was planned in the first quarter of 2020. “The coronavirus outbreak has led to postponed work resumption in government institutions, including the People’s Bank of China (PBC).
2020-2-27 21:43 | |
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The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan
2020-2-27 13:07 | |
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Central banks around the world are assessing the benefits of issuing a state-controlled digital currency after China announced that it is close to launching its digital yuan and Facebook launching Libra.
2020-2-26 22:35 | |
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Taro Aso, Japan’s Finance Minister has voiced his reservations concerning China’s plans to issue its central bank digital currency (CBDC) – the digital yuan. Aso told fellow finance chiefs at the G-20 summit that Beijing’s state-backed crypto could negatively upset the balance of the global economy.
2020-2-25 18:00 | |
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The eToro analyst believes that the digital yuan, which the People’s Bank of China plans to issue, is unlikely to affect the cryptocurrency market in the long term. The project launch is expected in the fall of 2020.
2020-3-1 14:58 | |
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China’s central bank, The People’s Bank of China (PBoC), plans to sanitize billions of yuan notes in areas that are worst affected by the coronavirus. The epidemic, which has hit China’s political, economic, and education systems very hard, has pushed the nation’s authorities to take extreme actions to curb the spread of the virus.
2020-2-19 23:20 | |
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The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank.
2020-2-18 08:10 | |
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According to the Chamber of Digital Commerce, China has filed 84 patents for the digital yuan, its new upcoming digital currency. The patents date to 2017 and are credited to the People’s Bank of China’s (PBoC) Digital Currency Institute.
2020-2-14 00:55 | |
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In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.
2020-2-13 16:50 | |
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Politicians in Japan are appealing to the G7 members to collaborate and perform research on digital currency as a response to China’s schedule to launch the digital Yuan. Some Japanese lawmakers believe China's Digital Currency Electronic Payment (DCEP) could spread widely among the emerging economies and threaten the dollar's dominance.
2020-2-8 00:02 | |
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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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In light of China’s forthcoming digital yuan, Japan should push the U.S. to place digital currencies on the G7’s agenda, say local lawmakers
2020-2-8 12:47 | |
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Ever since China announced its intention to launch the digital representation of Yuan, multiple countries are contemplating the idea of cryptocurrencies and stablecoins. Japan is one such country, witThe post Japan's lawmakers urge govt.
2020-2-7 10:44 | |
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Facebook’s Libra may have nudged central banks to open their eyes to the world of digital currencies, but China’s brisk progress on its digital yuan has compelled global powers to...The post Rise of Libra and Digital Yuan Spur Action from Global Powers appeared first on Cryptocurrency News.
2020-2-6 19:03 | |
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China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people.
2020-2-4 22:35 | |
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The People’s Bank of China has injected some 1. 2 trillion yuan ($173. 8 billion) to calm markets as coronavirus fears worsen. That’s more than the entire market capitalization of Bitcoin (BTC).
2020-2-4 18:24 | |
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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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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months.
2020-2-3 07:25 | |
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With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months.
2020-2-3 07:25 | |
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China’s BTC trading volumes have hit an all-time low in two years with the peer to peer (p2p) exchanges on LocalBitcoin. As of the week of Jan. 25th the trading volumes stagnated at a mere 4. 5 million Yuan ($640000).
2020-1-29 20:38 | |
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With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the government should instead work with global regulatory bodies to regulate cryptocurrencies such as Libra.
2020-1-28 12:00 | |
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Binance cryptocurrency exchange has donated 10 million yuan ($1. 44 million) to China through its charity arm, the Binance Charity Foundation (BCF), to aid the fight against the deadly Coronavirus that has claimed many lives in the nation, reports AsiaTimes on January 27, 2020.
2020-1-28 22:00 | |
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LocalBitcoins is showing its lowest volume in China in two years. Volume for the popular marketplace hovered at around 4.5 million yuan for the week of Jan 25. This has coincided with a drop in Bitcoin’s search volume on the Chinese search engine, Baidu, which has also hit a new low over the past 30 […] The post China BTC Volume on LocalBitcoins Hits 2-Year Low, Baidu Searches Dwindle appeared first on BeInCrypto.
2020-1-27 12:01 | |
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The latest research on “The Future of Payments,” by Deutsche Bank titled “Part I. Cash: the Dinosaur Will Survive … For Now,” talks about the existence of cash even though there would be a transition to the digital payments.
2020-1-26 22:39 | |
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A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across the globe are either studyingRead MoreRead More.
2020-1-26 02:00 | |
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A group of Japanese lawmakers from the ruling party came forward with the proposal of Japan issuing its own digital currency. It seems China’s determination to create the digital yuan and Facebook’s Libra has alarmed Tokyo more than a little bit.
2020-1-24 20:57 | |
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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.
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
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 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 bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
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 has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province.