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Today in Crypto: Bitpanda Joins Hands with Raiffeisenlandesbank, Galaxy Digital to Develop ETPs with DWS, China Expands CBDC on WeChat, NEAR Goes Live as Blockchain Operating System
26.4.2023
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: Today in Crypto: Bitpanda Joins Hands with Raiffeisenlandesbank, Galaxy Digital to Develop ETPs with DWS, China Expands...
China City to Pay Salaries ‘100%’ in Digital Yuan – Is CBDC Adoption Accelerating?
24.4.2023
A Chinese city wants to pull of a world’s first – by becoming the first city to pay its employees entirely in a central bank digital currency (CBDC).
The move would be a massive breakthrough for the central People’s Bank of China (PBoC) and its digital yuan token....
Read More: China City to...
Chinese city public servants to receive digital RMB salaries from May
23.4.2023
Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment
420,000+ Merchants in Changsha, China Accept CDBC Pay – Is Digital Yuan Adoption on the Rise?
12.4.2023
More than 420,000 merchants in Changsha, China, now accept payments in the digital yuan, China’s central bank digital currency (CBDC).
The city is located in Hunan Province and was added to the pilot in April 2021.
In February this year, Changsha authorities said that 300,000 merchants in...
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?
17.3.2023
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
The province was added to the CBDC pilot zone last year. And it broke ground...
China’s Digital Yuan Can Now Be Used to Pay Highway Toll Fees on Major Routes
27.2.2023
China’s digital yuan adoption drive is now focusing on transport networks. And drivers have been green-lighted to use the token to pay tolls on some of the nation’s busiest highways.
Per Shenzhen Securities Times and Sina Finance, Jiangsu Province’s Department of Transport has announced that toll...
China's Hainan to boost NFT oversight as digital yuan trial ramps
31.1.2023
Hainan's market regulator wants to promote NFTs as part of the digital economy, but will actively work to weed out bad actors and speculative behavior
Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program, China’s Blockchain Network to be the Swift of Stablecoins & CBDCs
23.1.2023
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: Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program...
Today in Crypto: Digital Yuan Used to Buy Securities, Monex Group Interested in FTX Japan, Bitget Launches Copy Trading in Spot Market
17.1.2023
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: Today in Crypto: Digital Yuan Used to Buy Securities, Monex Group Interested in FTX Japan, Bitget Launches Copy Trading...
Update Lets Digital Yuan Users Pay with Mobiles – Even When Their Battery’s Flat
13.1.2023
Another update to China’s digital yuan app is allowing users in pilot zones to pay using their cell phone – even if their devices have run out of battery or have no mobile signal.
Per Shanghai Securties News, Android users can now toggle a function that lets them “pay without network and/or...
Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions
28.12.2022
The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions.
The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another...
China Adds More Cities to its Digital Yuan Pilot
19.12.2022
More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality.
Per the newspaper the Workers’ Daily, the city of Jinan, Shandong Province, will be added to the pilot area. Also joining the pilot will be Nanning and Fangchenggang in the Guangxi...
Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach
23.11.2022
Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.
According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’
19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...
China’s Central Bank Digital Yuan Transactions Surpass $14 Billion
13.10.2022
China's digital yuan has processed over 100 billion yuan (close to $14 billion) worth of transactions so far, becoming the most widely adopted central bank digital currency (CBDC) across the globe.
The e-CNY has recorded $13.9 billion worth of transactions as of August 31, the People’s Bank...
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