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digital yuan

Chinese state-owned entities settle $14M cross-border gold trade with digital yuan
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30 December, 2023

Chinese state-owned entities settle $14M cross-border gold trade with digital yuan

Other participants include the Shanghai Financial Exchange International Board and the Bank of China (Hong Kong), with participants pledging increased...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
China’s digital yuan used for crude oil deal: report
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3 November, 2023

China’s digital yuan used for crude oil deal: report

China's digital yuan makes its mark in a landmark crude oil transaction, underscoring its growing significance in cross-border trade and...
China must prevent the use of digital yuan in crime: former central bank governor
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17 October, 2023

China must prevent the use of digital yuan in crime: former central bank governor

As the costs of using any technology drop, it becomes easier for criminals to abuse it; just look at crypto...
Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists
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29 September, 2023

Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists

The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as...
People’s Bank of China to use digital yuan for retail CBDC transactions
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9 September, 2023

People’s Bank of China to use digital yuan for retail CBDC transactions

As digital renminbi uses the latest network and mobile payment technology, the director of the Digital Currency Research Institute of...
China Digital Yuan usage dominated by enterprise and business
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21 August, 2023

China Digital Yuan usage dominated by enterprise and business

As China’s data shows, businesses and governments are interested in digital currencies, so focusing on legal compliance and enterprise usage...
Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores
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28 July, 2023

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores

The move, which began on July 18, follows the launch of a digital yuan shopping festival organized by the Bank...
China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs
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27 July, 2023

China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs

Shanghai’s plans target the development of key sectors, the protection of the environment, and improving the management of operations using...