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Nalezeno "CNY": 83

China’s digital yuan gets smart contract functionality alongside new use cases

20.1.2023
China's central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments

Former Chinese central banker says digital yuan ‘usage has been low’

30.12.2022
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”

China’s CBDC wallet resorts to ages-old tradition to boost adoption

28.12.2022
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app

Report: Chinese Company Launches Digital Currency Insurance Product

13.12.2022
The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese...

S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

7.11.2022
East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea. In South Korea, the central Bank of Korea (BOK) has claimed that its “second phase” of pilots has now been “successfully...

Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

2.11.2022
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will...

Beijing: Digital CNY Will Tread Line Between Ensuring Privacy and Fighting Crime

1.11.2022
China’s central bank digital currency, the digital yuan, continues to break new ground. And while it is already in use at over 5.6 million stores in the nation, its architects say they will build privacy-protecting functions into the coin.... Read More: Beijing: Digital CNY Will Tread Line Between...

Hong Kong Presents Digital Currency Prototype, Project Aurum

24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

14.10.2022
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas....

Hong Kong to Start Testing Digital Currency in Coming Months

22.9.2022
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including...

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

21.9.2022
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this...

Central Bank of China Calls for Increasing Use of Digital Yuan

12.9.2022
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....

China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk

26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses

26.8.2022
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors...

China begins next phase of CBDC testing with e-CNY payment for public transport

23.8.2022
Scan and pay with e-CNY is now available in multiple Chinese cities for citizens looking to ride their local buses and subways

Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons

18.8.2022
A Chinese state-owned commercial bank is set to pilot a digital yuan-powered “smart contract solution” that allows elementary school parents to pay for their children’s education using the e-CNY.... Read More: Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons