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Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services


China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates...

Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank


A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...

People’s Bank of China Governor Vows to Curb Crypto Speculation


The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...

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