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How Ant’s Suspended IPO Is Related to China’s Digital Yuan
12.11.2020
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital
9.11.2020
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning
83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth
5.11.2020
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese...
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
3.11.2020
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon
Blockchain Bites: Digital Yuan’s 4M Transactions, Bitcoin’s 33-Month High, Uniswap’s Second Governance Vote
2.11.2020
October saw the first time the total value locked in all DeFi protocols closed below the month’s starting value
PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M
2.11.2020
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday
China’s digital yuan pilots have processed $300M so far, says PBoC head
2.11.2020
China’s digital yuan pilot program is picking up speed
$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China
31.10.2020
A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four...
Huawei’s Latest Smartphone Comes with a CBDC Wallet for Digital Yuan
30.10.2020
Huawei Mate40 Pro. China’s biggest smartphone maker Huawei has revealed that its latest flagship handset, the Mate 40, will come with a built-in wallet for the digital yuan – the nation’s forthcoming central bank digital currency.
In a post on the official Huawei Weibo account, the tech giant...
Huawei’s Mate 40 Phone to Ship With Digital Yuan Wallet
30.10.2020
The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China's central bank digital currency
New Huawei smartphone will feature a hardware wallet for digital yuan
30.10.2020
The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity
Digital yuan will combat US 'dollarization' says former PBoC governor
29.10.2020
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan
Digital yuan will work with WeChat and Alipay, says bank exec
26.10.2020
Details regarding the digital yuan's characteristics are taking shape
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
23.10.2020
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China
Hong Kong ‘Exploring’ Collaboration With China on Digital Yuan: Finance Chief
21.10.2020
A cross-boundary digital yuan could bring Hong Kong closer to the Mainland, Hui said
Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
20.10.2020
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...
Digital Yuan Users: Some Came Back for More, Others Unimpressed
19.10.2020
Source: Adobe/Сергей Шиманович
A number of Chinese citizens who received digital yuan payouts worth USD 30 in a recent giveaway event have decided to top up their central bank digital currency (CBDC) wallets.
As previously reported, the central People’s Bank of China (PBoC) distributed thousands...
First Users Not So Impressed by China’s Digital Yuan: Report
19.10.2020
A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should swap from existing solutions like Alipay
95% of winners in China’s CBDC lottery spent digital yuan prizes
19.10.2020
Some winners purchased additional digital yuan during the pilot