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Nalezeno "digital yuan": 570

It's Official: China's Digital Yuan To Target US Dollar Dominance


The central People’s Bank of China (PBoC) confirmed that it is ready to take center-stage on a “new battlefield” of competition between sovereign nations based on digital fiats – and claims its own new token could help break “dollar dominance.” The PBoC has been relatively cagey about its digital...

China’s Digital Yuan to Defend State Monopoly on Money – Central Bank


Central bank digital currencies (CBDCs) like the Chinese digital yuan project may well bring centralization of money to a whole new level, an article by a top Chinese central bank official reveals. In the article, written by People’s Bank of China (PBoC) deputy governor Fan Yifei for the bank’s...

Will a Digital Yuan Sound the Death Knell for China’s ATMs?


The rollout of China’s digital yuan could spend the end for the nation’s ATMs, per a new report – with digital finance marginalizing hole-in-the wall-based technology. Per media outlet Huo Long Guo Cai Jing, the ATM industry was at its peak in 2015, when some 252,000 machines were installed...

Insight into China’s CBDC after Digital Yuan Wallet Briefly Went Live


Experts have been looking into a soft-launched digital yuan wallet that went live briefly late last month – and said they have uncovered important technical details, and possible usage scenarios. The state-owned China Construction Bank (CCB), one of the biggest commercial banks in the world...

Beijing Telecoms Provider Latest Company to Join Digital Yuan Pilot


Another private sector firm has stated that it is working with the Chinese central bank on its fast-expanding digital yuan pilots. Per Shanghai Securities News, a Beijing-based telecom provider named Shenzhen Techo Telecom admitted that it was working on the project, known in China as the Digital...

Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly


One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...

Digital Yuan Will 'Hardly Put a Dent' in USD Dominance, Says Expert


China’s forthcoming digital yuan rollout will not pose a threat to American dollar dominance, says a leading economist – although the Middle Kingdom has already “leapfrogged” the West when it comes to digital payment infrastructure and innovation. In an opinion piece published by Project Syndicate...

Beijing Makes Digital Yuan Pilot Expansion Plan U-turn


The Chinese government has indicated that it may not decide to expand the scale of its digital yuan launch after all – just days after it revealed details of a massive expansion encompassing some of the most affluent parts of the country. As previously reported on Cryptonews.com, the nation’s...

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