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Digital Yuan Pilot Expands into Wealth Management, Securities & Education


The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education. According to Shanghai Securities News, the Hong Kong Stock Exchange-listed brokerage and investment bank China Galaxy Securities...

Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway


The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit. Lunar New Year, one of the biggest...

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions


2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...

China’s Digital Yuan Little Used, Former Central Bank Official Says


Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker...

Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace


The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat.... Read More: Chinese...

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