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20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App
18.1.2022
Over 20m people have now downloaded the central People’s Bank of China (PBoC)’s digital yuan app, media outlets in the country have reported....
Read More: 20m+ Chinese Now Reportedly Using Central Bank’s Digital Yuan App
Digital Yuan Ready for International Olympic Showcase at Beijing 2022 Games
11.1.2022
China will allow overseas visitors from around the world to use its digital yuan for the first time at next month’s Winter Olympics, the central People’s Bank of China (PBoC) has confirmed.
The PBoC has been working toward a full or partial rollout in time for the games since 2020, when...
SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe
30.11.2021
The CEO of the Japanese financial heavyweight and crypto player SBI Holdings Yoshitaka Kitao has spoken out about central bank digital currencies (CBDCs) – and says China is currently leading the world in digital fiat technology.
Kitao was quoted by the domestic media outlet Dime as stating:...
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan
7.7.2021
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...
Chinese banks tell staff to recruit up to 300 new digital yuan users each
7.7.2021
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to between 200 to 300 people a year
Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention
2.4.2021
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay
Chinese bank tests biometric hardware wallet for digital yuan payments
17.2.2021
Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency
Geopolitics at Stake in US Response to China’s Digital Yuan: Report
27.1.2021
From privacy to political power, China’s digital yuan will have far-reaching implications
Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021
24.1.2021
The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report
Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M-Worth in Prize Draw
21.1.2021
Being held as a public pilot of the central bank digital currency, lottery entrants can apply to win 200 digital yuan each
Chinese Bank Trials Digital Yuan Services at ATMs: Report
11.1.2021
Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen
3 Chinese E-Commerce Giants Join China’s Latest Digital Yuan Lottery Trial: Report
11.12.2020
Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online
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
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
China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto
15.10.2020
An in-depth analysis of China's digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system
Nearly 2 Million Sign Up for China’s Digital Yuan ‘Lottery’
13.10.2020
Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday
China’s Central Bank, Major City to Hand Out $1.5M in Digital Yuan
9.10.2020
A local report suggests the pilot is an indication that the digital yuan is close to being launched
JD.com to Build Apps for China’s Digital Yuan Project: Report
22.9.2020
The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency
PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale
24.8.2020
The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency