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Nalezeno "chinese bank": 26

Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards

28.5.2024
A major Chinese Bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets CBDC adoption. The post Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards appeared first on Cryptonews

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

1.1.2024
Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying...

Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal

21.12.2023
Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...

China Links Digital Yuan to ‘World’s Biggest Commodities Market’

27.11.2023
Source: kitti/Adobe A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city of Yiwu. Not to be confused...

Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank

24.10.2023
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...

Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution

17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains. Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao. The latter is a traditional alcohol...

Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive

4.9.2023
A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank...

Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?

26.7.2023
Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing. Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank,...

S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

7.11.2022
East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea. In South Korea, the central Bank of Korea (BOK) has claimed that its “second phase” of pilots has now been “successfully...

China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing

11.7.2022
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to...

Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan

7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...

Chinese bank tests biometric hardware wallet for digital yuan payments

17.2.2021
Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency

Digital Yuan Compatible with at Least Eight Chinese Bank Platforms

23.1.2021
As many as eight commercial Chinese banks may be working on their own digital yuan wallets or banking platforms that can interoperate with the token, with banking groups outside the “big four” also set to roll out their own smartphone-based offerings. The country’s four biggest banks,...

Chinese Bank Trials Digital Yuan Services at ATMs: Report

11.1.2021
Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen

State-owned Chinese bank rolls out ATMs for digital yuan

11.1.2021
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

Major Chinese Bank Selling Bonds Worth $3 Billion for Bitcoin

11.11.2020
China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds...

Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly

29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...