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“# PBoC governor says digital yuan to be more privacy-enhanced than payment apps ” During a virtual video session at the Bank of Finland Institute for Emerging Economies’ 30th Anniversary Conference, People’s Bank of China governor Gang Yi discussed recent developments regarding the country’s central bank digital currency, or CBDC, known as the digital yuan…
“# New decentralized stablecoin in China targets international trade ” As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the…
“# Chinese banks explore e-yuan for selling investment funds and insurance ” Government-backed Chinese banks have reportedly started exploring new use cases for the digital yuan by allowing citizens to use it to buy insurance products and investment funds online. The South China Morning Post reported on Tuesday that leading Chinese banks such as Bank of…
“# China wants US senators to ‘stop making trouble’ out of digital yuan ” The heat is rising between the United States lawmakers and Chinese officials even before the Olympic flame ignited at the 2022 Beijing Winter Games. During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian addressed U.S. senators’ warning letter…
“# US lawmakers don’t want Olympic athletes to use digital yuan at 2022 games ” Three U.S. senators have signed a letter urging Olympic officials to forbid American athletes from handling digital yuan during the Beijing 2022 Winter Games. In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators…
“# China’s digital yuan deploys at speed, leaving dust in its path ” With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid pace. While China’s digital yuan project may be the one that everyone talks about the most, in…
“# Beijing subway now accepts digital yuan ” China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services. According to an official Wednesday announcement, the Beijing subway has launched a pilot program enabling passengers to access 24 subway lines and four suburban railway stations using…
“# China debuts blockchain-based digital yuan salary payments in Xiong’an ” China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan. According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s first on-chain wage payouts…
“# Ant Group highlights private sector’s role in developing digital yuan ” Major Chinese tech and commerce firms are starting to open up regarding their involvement in developing the digital yuan. Ant Group and Tencent Holdings revealed the extent of their collaboration with the People’s Bank of China in developing the digital yuan at the…
“# Chinese online retail giant JD.com adopts digital yuan for salary payments ” JD.com has been using China’s Digital Currency Electronic Payment, or DCEP, system to pay the salaries of some employees since January. The e-commerce firm revealed the news on Sunday while announcing its participation in the one-year DCEP trial show at the fourth Digital…