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China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made
20.1.2022
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million...
China’s Digital Yuan Wallet App Now in iOS and Android App Stores
5.1.2022
China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country. Digital Yuan Wallet App Now Downloadable From iOS and Android...
China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning
9.5.2021
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card...
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
4.5.2021
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption,...
Chinese online retail giant JD.com adopts digital yuan for salary payments
26.4.2021
Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency
Top Chinese banks promote CBDC over local payment firms for shopping festival
26.4.2021
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
16.4.2021
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong
China Leads Africa’s Digital Currency Race
3.2.2021
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
14.12.2020
"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China
China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
6.12.2020
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online...
What Is a CBDC?
4.12.2020
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
20.11.2020
Central bank digital currencies can have broad implications for the global balance of power, experts say
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
20.11.2020
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
12.11.2020
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
23.10.2020
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China
Central bank digital currency could 'threaten' Bitcoin says CZ
22.10.2020
Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched
Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
10.10.2020
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency
China’s Digital Currency May Come With Hardware Wallets as Well
1.9.2020
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
29.8.2020
China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention
Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
4.8.2020
A former vice president of the Bank of China has argued that digital currency should replace fiat in the nation's financial systems