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Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade
16.12.2023
The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported iron ore commodity bulk trade, establishing...
Hong Kong Firms Make First Cross-border Digital Yuan Commodity Payments
15.12.2023
Source: leungc/Adobe Hong Kong-based firms have made the first “cross-border” commodity payments with the Mainland Chinese digital yuan, as the CBDC takes its first international steps. Per Hong Kong Today, several Hong Kong firms took part in the Bank of China (Hong Kong)’s “Enterprise Digital...
Project mBridge reveals details of its workings ahead of MVP, commercial debut
31.10.2023
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is
mBridge CBDC project preparing for new members, launch of minimum viable product
25.9.2023
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified
China’s digital yuan nears $250B transaction volume: Central bank governor
20.7.2023
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply
Chinese state media removes video on crypto after Binance CEO calls it 'big deal'
25.5.2023
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China
China’s state-affiliated banks are on-boarding crypto companies in Hong Kong
17.4.2023
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms
Hong Kong citizens not interested in digital yuan: Reports
2.3.2023
Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders
Hong Kong to expand pilots for cross-border use of digital yuan
13.5.2021
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said
While China's CBDC sets the pace, the yuan stumbles in usage abroad
21.1.2021
The past two years were much harder on the dollar, however