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Nalezeno "China": 3700

Chinese Banks, Firms Make Digital Yuan Smart Contract Progress


Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress. Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first...

Chinese “Super SIM” Cards to Feature New Digital Yuan Functions


New Chinese “Super SIM” cards will function as digital yuan wallets, smartcards, and ID cards as the nation’s CBDC pilot continues. Chinese mobile operators such as China Mobile have been working on so-called “Super SIM” offerings since 2016. They have added a range of functionality to the cards...

Almost 490,000 Vendors in China’s Changsha Accept Digital Yuan Payments


Nearly 490,000 vendors in China’s Changsha now accept digital yuan payments, the city’s government has claimed as the nation’s CBDC pilot continues. Per the Changsha Evening News (via Huasheng Online), this year has seen Changsha expand its digital yuan use-case scenarios “into key areas such...

Shenzhen, China, Prepares Fresh CBDC Giveaway


Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events. Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive. The coins will...

Chinese Central Bank Updates Digital Yuan App – Here’s the Latest


The Chinese central bank has updated its digital yuan app, adding new CBDC-powered features, “service” options, and utilities bill payment functions. The central People’s Bank of China (PBoC) released its mobile app in early 2022. It followed up with a major update at the end of last year. Per...

More Chinese Firms Paying Workers in Digital Yuan


More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC. Per the Huizhou Daily, the latest firm to trial paying staff in CBDC is a state-run bureau, a body that overseas finances at the Zhongkai High-tech Industrial Development...

Indonesia Expands De-Dollarization Efforts With National Task Force Formation


Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...

Hong Kong Widens Testing of China's Digital Yuan to Additional Banks


Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.  The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have completed initial technical tests for cross-border payments using the digital yuan...

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