Search
China’s Digital Yuan Little Used, Former Central Bank Official Says
31.12.2022
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...
Australian Senator Proposes Crypto Bill Targeting China's Digital Yuan
19.9.2022
The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers
Draft bill to ban China’s digital yuan from US app stores
27.5.2022
Three Republican senators introduced a bill to protect Americans from the "Authoritarian Digital Currencies Act."
China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case
15.3.2022
The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money.
Per IT Home, the PBoC’s app, which debuted in 11 cities...
China’s Digital Yuan Targeted in New Bill From Nine GOP Senators
10.3.2022
The Say No To the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions
China’s Digital Yuan Set for Local Adoption, Airport, Banking Drives
3.3.2022
China’s digital yuan is edging ever closer to a nationwide rollout, with banks, airports, and provinces looking to boost their adoption efforts following last month’s Winter Olympics and ahead of the Paralympic Winter Olympics....
Read More: China’s Digital Yuan Set for Local Adoption, Airport...
Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan
13.1.2022
“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard
Major payments app WeChat to add support for China's digital yuan
6.1.2022
While WeChat isn't as popular outside of China as WhatsApp, it is ubiquitous on the mainland
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 deploys at speed, leaving dust in its path
8.7.2021
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape
Alipay set to allow users test China's digital yuan
10.5.2021
China’s e-payment giant will allow some users to link their accounts to the country’s digital yuan app
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...
China's digital yuan could be a fatal blow for Macau casino junkets
22.4.2021
Macau's casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan
US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency
13.4.2021
The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand...
China’s digital yuan os backup to AliPay and WeChat Pay, says official
26.3.2021
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China
China’s digital yuan will offer best privacy protection, says official
22.3.2021
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs
Geopolitics at Stake in US Response to China’s Digital Yuan: Report
27.1.2021
From privacy to political power, China’s digital yuan will have far-reaching implications
JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
5.12.2020
Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency
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
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
3.11.2020
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon