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Nalezeno "digital yuan": 567

Digital Yuan Pilot Expands into Wealth Management, Securities & Education


The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education. According to Shanghai Securities News, the Hong Kong Stock Exchange-listed brokerage and investment bank China Galaxy Securities...

Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway


The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit. Lunar New Year, one of the biggest...

China’s Digital Yuan Little Used, Former Central Bank Official Says


Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker...

Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions


The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions. The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another...

China Adds More Cities to its Digital Yuan Pilot


More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality. Per the newspaper the Workers’ Daily, the city of Jinan, Shandong Province, will be added to the pilot area. Also joining the pilot will be Nanning and Fangchenggang in the Guangxi...

Report: Chinese Company Launches Digital Currency Insurance Product


The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese...

Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions


An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform. Per Sina Technology, the announcement was made by Li Chen, Chief Compliance Officer...

Bank of Japan to Launch Digital Yen Pilot Program Next Year


The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions,...

Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach


Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out. According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority...

Shanghai Readies New Digital Yuan Giveaway


Shanghai, China’s biggest city and its most powerful financial hub, is set to give away digital yuan tokens to 7000,000 of its residents later this week.... Read More: Shanghai Readies New Digital Yuan Giveaway

Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou


China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.... Read...

Hong Kong Presents Digital Currency Prototype, Project Aurum


Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

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