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Nalezeno "chinese citizens": 17

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes


More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares


Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery


China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...

Central Bank Blockchains and Corporate Ledgers Are Still Vaporware


There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development. Despite the lack of producing anything worthwhile, for some...

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