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Nalezeno "Shenzhen": 63

People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown

18.8.2021
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been targeted in a crackdown on crypto trading in...

Shenzhen Crypto Mining Hardware Retail Hotspot Becomes a Ghost Town

23.7.2021
An iconic shopping outlet for Chinese crypto miners has fallen under an eerie shroud of silence as the nation’s mining industry screeches to an abrupt halt. The Beijing-led crackdown on mining has seen many of the nation’s key crypto mining provinces stamp out industrial mining, with further...

China Offers Medics Digital Yuan Insurance Policy for Covid-19

21.7.2021
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech...

Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan

7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

1.7.2021
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan...

Shanghai to Hand Out $3 Million in Digital Yuan Lottery

6.6.2021
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere...

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

3.6.2021
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

11.5.2021
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg...

Tencent Buys Stake In Life Is Strange's Creators

27.1.2021
Tencent continued its massive expansion in the gaming world today after acquiring a minority stake in French developer Dontnod, maker of Life is Strange, Vampyr, and Tell Me Why.Read more

State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs

12.1.2021
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. ATMs Will Work With a Smartphone App According to...

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