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Number of Chinese CBDC-related Criminal Cases on the Rise
11.1.2024
Source: blackday/Adobe China’s rapid CBDC progress is causing a rise in digital yuan-related criminal cases, including suspected fraud, identity theft, and phishing. Per the Shenzhen Securities Times, a Shanghai court this week convicted a group of criminals that exploited CBDC functions on an...
Chinese city of Jinan accepts CBDC payments for bus rides
4.7.2023
The Chinese city of Jinan is making a push for CBDC adoption by implementing digital yuan payments across its entire bus network
Shanghai Clearing House Introduces Support for Digital Yuan Settlements
28.6.2023
The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central...
Chinese CBDC Set to Makes Securities Market Debut – Breakthrough for the Digital Yuan?
23.5.2023
Financial service providers in China will allow citizens to pay for wealth products using the digital yuan, in a fresh development for the nation’s central bank digital currency (CBDC).
Per the Chinese media outlet Securities Times, the China Securities Regulatory Commission (CSRC) has “officially...
UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
13.12.2021
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users...
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...
US intelligence is looking at Chinese CBDC as a national security threat
25.11.2020
The Director of National Intelligence wants to have the SEC's leader briefed on the dangers of the U.S. falling behind in crypto
Digital Yuan Recipient Says Chinese CBDC Is ‘Just Like Using Alipay’
14.10.2020
Many of the recipients of the recent digital yuan giveaway have spoken out to news agencies and on social media as the first non-testbed users of the forthcoming central bank digital currency (CBDC) start spending their tokens – with some stating that using the token is “no different” from using...
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...
Don’t Fall for These Fake Chinese CBDC Scams
20.7.2020
Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme
Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years
15.2.2020
Japan is worried about the soon-to-be-released Chinese CBDC, as it might disrupt the global economy. Local lawmakers suggest developing a digital yen to counter it