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Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears
26.11.2021
China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digital yuan.
The council called upon financial bodies to speed up the pilots...
Chinese retail giant JD accepts digital yuan payments for Singles Day
11.11.2021
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021
PBoC governor says digital yuan to be more privacy-enhanced than payment apps
9.11.2021
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets
7.11.2021
China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about...
Over 140 million people have digital yuan accounts, says PBoC head
3.11.2021
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
New Chinese Action-RPG Is Like The Witcher, But More Focused
13.10.2021
Sometimes, I want the gritty fantasy storytelling of The Witcher 3: Wild Hunt without dealing with hundreds of hours of content or an open world map. Xuan Yuan Sword 7, the latest entry in an action roleplaying series that has been a cornerstone of Chinese gaming for almost 30 years, scratches that...
Binance to suspend Chinese yuan from P2P platform in December
13.10.2021
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland
Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback
6.10.2021
Hedge fund manager Ken Griffin signaled out crypto as a threat to the US dollar, and stated that "I wish all this passion and energy that went to crypto was directed towards making the United States stronger."
Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
3.10.2021
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race...
Actions speak: China’s crypto ban may reveal digital yuan CBDC goals
2.10.2021
China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
New decentralized stablecoin in China targets international trade
23.9.2021
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan
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 Seek New Applications for Digital Yuan in Investment and Insurance
1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...
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...
Chinese banks explore e-yuan for selling investment funds and insurance
31.8.2021
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens
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.
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Exchanges news
Poloniex has agreed to pay nearly USD 10.4m to settle charges for operating an unregistered online digital asset exchange...