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Nalezeno "China’s CBDC": 28

Top Chinese Law Firm Analyzes Digital Yuan AML Challenges

29.4.2024
JunHe Law Firm Partner Chen Xin issues report to explore anti-money laundering challenges, opportunities and solutions in China's CBDC digital yuan deployment and regulation. The post Top Chinese Law Firm Analyzes Digital Yuan AML Challenges appeared first on Cryptonews

Architect of China’s CBDC Project Faces Probe for Alleged “Violations of Discipline and Law”

26.4.2024
Yao Qian, the influential figure behind China's CBDC project, is currently under investigation for suspected "violations of discipline and law." The post Architect of China’s CBDC Project Faces Probe for Alleged “Violations of Discipline and Law” appeared first on Cryptonews

China’s CBDC Development is “Already On Track” and Nearing Completion: Ex-PBOC Governor

28.11.2023
Source: Pixabay Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion. Speaking at a conference in Honng Kong on Monday, Zhou Xiaochuan, the 75-year Chinese economist, said that a ‘digital yuan’ is “already...

More foreign banks join China's CBDC pilot trials

28.11.2023
A total of four foreign banks have integrated China's e-CNY CBDC thus far

Standard Chartered joins China's CBDC pilot testing

27.11.2023
The British bank will provide e-CNY CBDC services to clients and explore its future use in China's financial system

200+ Hong Kong Stores Accept Digital Yuan – China’s CBDC Goes Cross-border

20.7.2023
Over 200 Hong Kong stores now accept digital yuan payments, banks have claimed, as China looks to take its CBDC into the cross-border space. The list of e-CNY-accepting vendors includes stores and outlets that cater predominantly to Mainland Chinese tourists. Per Wen Wei Po Hong Kong,...

Business Travelers to Buy Tickets with Digital Yuan – China’s CBDC Takes to the Skies

20.7.2023
Chinese business travelers will be able to buy air tickets using the digital yuan, as the nation’s central bank digital currency (CBDC) pilot takes flight. Per the China Civil Aviation Network, the commercial banking firm China Merchants Bank has co-launched an e-CNY platform with the Civil...

China’s CBDC Registers Housing Aid Firsts – Digital Yuan Adoption Gathers Pace?

14.4.2023
It has been another busy week for China’s central bank digital currency (CBDC), the digital yuan, with the token finding new usage cases in the fields of housing aid public resource transactions. Xinhua Daily reported that the Jiangsu Provincial Government Affairs Office has begun using the CBDC...

China’s CBDC wallet resorts to ages-old tradition to boost adoption

28.12.2022
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app

China's CBDC Transactions Reach $14B as Uptake Slows: Report

13.10.2022
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared to the 154% growth recorded in the last six months of 2021

Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’

28.5.2022
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone...

WeChat Pay to Offer Digital Yuan Payment Options as China’s CBDC Pilot Expands

8.4.2022
The Chinese e-pay platform WeChat Pay has unveiled a digital yuan interoperability solution that will allow users of the service to make payments in the central bank-issued token. As reported, the central People’s Bank of China (PBoC) has recently expanded the number of cities included in...

Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’

26.3.2022
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.”...

Blockchain Association policy head: US shouldn't compete with China's CBDC using surveillance tools

16.3.2022
"We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship," said Jake Chervinsky

Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy

10.3.2022
"This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

9.1.2022
China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to...

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...