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Bank of China: Digital yuan transactions volume crossed $14B mark
13.10.2022
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong
California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables NFT Avatar Customization + More News
27.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: California Governor Vetoes 'Premature' Crypto Bill, Russia to Use Digital Ruble w/ China by Next Year, a Debit Card Enables...
China will expand CBDC trials to most populous province: Report
20.9.2022
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
Major Chinese City’s Metro Begins Accepting Digital Yuan Payments
24.8.2022
The city of Ningbo, in China’s Northeast Zhejiang Province, has announced that all 125 of its metro stations now accept digital yuan payment – as the Chinese central bank digital currency (CBDC) continues its adoption drive....
Read More: Major Chinese City’s Metro Begins Accepting Digital Yuan...
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
3.8.2022
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication
Official explains why China CBDC should not be as anonymous as cash
26.7.2022
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said
Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump
22.6.2022
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.
According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’
28.5.2022
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone...
Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says
16.3.2022
Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive...
China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case
15.3.2022
The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money.
Per IT Home, the PBoC’s app, which debuted in 11 cities...
Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy
10.3.2022
"This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
24.2.2022
Chinese IT Companies, Banks Expand Range of Offline Digital Yuan Solutions
17.2.2022
Chinese banks and IT firms are continuing to roll out a diverse range of “hard” digital yuan wallets as they lay the ground for the full rollout of the nation’s central bank digital currency (CBDC).
As reported, a large range of “hard” wallets – which require no permanent internet connection...
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
7.2.2022
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes
COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report
31.1.2022
Restricting the number of spectators at the major international sporting event will "likely further delay the mass adoption of the digital currency," according to the Foundation for Defense of Democracies' Craig Singleton
Chinese food delivery giant joins CBDC efforts
28.1.2022
The cumulative transactions in e-CNY have reached 87.57 billion yuan ($13.68 billion) until now
Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan
13.1.2022
“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard
CBDC wallet tops mobile app store charts in China
10.1.2022
The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores
Crypto News Rewind 2021: Q2 - Bitcoin Crash, China’s Crypto Crackdown, El Salvador's BTC Move, Musk vs BTC
29.12.2021
Here is what happened in the Cryptoworld in the second quarter of this year:
Total crypto market capitalization in Q2
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Learn more:- Crypto News Rewind 2021: Q1 - Rallies, Tesla & MicroStrategy & PayPal Bitcoin Moves, Historic NFT Moments ...
Read More: Crypto News Rewind 2021:...
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