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Nalezeno "china": 3672

China Pilots Power- and Network-free CBDC Metro Payments


The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC). The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC...

China and Malaysia to Research AI for Blockchain Applications in Trade


Blockchain developers from Malaysia will be working with Chinese colleagues to utilize artificial intelligence (AI) in foreign trade. The collaboration, which is part of a China-led international research program, aims to speed up cross-border transactions. Malaysia and China to Conduct AI Research...

Chinese Banks Roll Out More Digital Yuan Wealth Management Options


Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out. Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB)...

China to Showcase Digital Yuan at Summer World University Games


Student athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu. Per the Chinese media outlet The Cover, the games will become the first “major international sports event” to “officially...

Honduras Applies to Join BRICS Bank


The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina....

Chinese Police Warn of a Rise in Digital Yuan-themed Scams


Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace. Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.” They said one recent scam...

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