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Nalezeno "digital yuan": 567

China’s Central Bank Digital Yuan Transactions Surpass $14 Billion


China's digital yuan has processed over 100 billion yuan (close to $14 billion) worth of transactions so far, becoming the most widely adopted central bank digital currency (CBDC) across the globe.  The e-CNY has recorded $13.9 billion worth of transactions as of August 31, the People’s Bank...

Settlements With China — Russia Plans Next Step for Digital Ruble


Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine...

Hong Kong to Start Testing Digital Currency in Coming Months


China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including...

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level


China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this...

Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?


The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC...

Central Bank of China Calls for Increasing Use of Digital Yuan


The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses


Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors...

Major Chinese City’s Metro Begins Accepting Digital Yuan Payments


The city of Ningbo, in China’s Northeast Zhejiang Province, has announced that all 125 of its metro stations now accept digital yuan payment – as the Chinese central bank digital currency (CBDC) continues its adoption drive.... Read More: Major Chinese City’s Metro Begins Accepting Digital Yuan...

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments


A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with...

Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope


Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks. Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a...

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