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Nalezeno "Yuan": 792

Chinese Banks Bolster Digital Yuan Resources Prior to CBDC Debut

4.9.2021
Major Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC). Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China...

Chinese Banks Looking to Use Digital Yuan in Funds and Insurance Sector

31.8.2021
Some of China’s biggest commercial banks are looking to pilot digital yuan use cases for funds and insurance-related products – in a major move away from the core functions of the pilot thus far. Since the central People’s Bank of China (PBoC) began its pilots, initiatives have focused on...

Digital Yuan May Prompt CBDC-to-CBDC Exchanges, Hurt USD Status - Chainalysis

20.8.2021
As the Chinese government clamps down on decentralized cryptocurrencies and seeks to launch its own central bank digital currency (CBDC), the digital yuan, industry observers believe the move could pave the way for the launch of CBDC-to-CBDC exchanges. At the same time, the digital yuan and other...

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...

Poloniex Settles With the SEC, New Digital Yuan Giveaway + MOre News

9.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Exchanges news Poloniex has agreed to pay nearly USD 10.4m to settle charges for operating an unregistered online digital asset exchange...

Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

31.7.2021
Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic...

Digital Yuan to Promote International Use of Chinese Currency, Experts Say

30.7.2021
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct...

Chinese Miners Pivot to Alternative Currencies to Keep Operating

24.7.2021
The Chinese mining crackdown forced many miners to stop their operations and relocate. But another group of miners is planning to pivot to new, more efficient mining schemes to keep operating in the country. Lesser-known tokens and proof-of-stake-based systems are now in the sights of these miners...

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...

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