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Nalezeno "digital yuan": 567

Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan


The central People’s Bank of China (PBoC) could be set to make use of smart contracts in its digital yuan project – an indication that blockchain technology could well end up playing a larger role than expected in the e-CNY’s future.... Read More: Chinese Central Bank May Apply Smart Contract...

Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump


  Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users. According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...

Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools


  Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.... Read More: Chinese Banks Launch Automatic Digital...

Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow


  The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.... Read More: Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow

Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones


  Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area. Per Hangzhou.com, a number of government organs in Zhejiang province are trialing solutions that involve “the online transfer of digital yuan”...

Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First


  Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time. Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been...

New Tencent Digital Yuan Wallet Preparing to Launch


  First images have emerged of specialized digital yuan wallets provided by the Tencent-run e-pay platform WeChat Pay. Although the wallets are still in what appears to be beta testing and are not yet fully functional, some media outlets – such as Sina – appear to have been able to open wallets...

Central Banks Struggle With Privacy-related CBDC Headaches


  As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust...

China’s Central Bank Adds More Digital Yuan Pilot Cities


China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. PBOC Adds More Cities to Test Its CBDC The Chinese central bank, the People’s Bank...

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