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Nalezeno "China": 3669

China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC


Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets. Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia...

Digital Yuan Giveaways Driving Adoption, Chinese Central Bank Claims


The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption. According to the state-run newspaper the People’s Daily, the Digital Currency Research Institute, the central People’s Bank of China (PBoC)’s dedicated digital yuan arm,...

China Connects Digital Yuan to Hong Kong’s Fast Payment System


China has taken another step forward in its digital yuan pilot – connecting its CBDC platform to Hong Kong’s Fast Payment System (FPS). The move will speed up cross-border digital yuan transactions and boost interoperability between the Mainland’s CBDC and international payment networks. The...

China Uses Digital Yuan to Recycle Gold, Pay Land Registry Fees


Chinese firms, banks, and city governments are using the digital yuan to recycle gold and pay land registry fees as CBDC adoption efforts continue. Per the fiance-focused media outlet JRJ, the Shenzhen Branch of the central People’s Bank of China (PBoC) has teamed up with the Shanghai Gold...

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance


In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...

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