digital yuan Archives

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

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15 March, 2023

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar...

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

Business

Wahid Pessarlay

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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...

China’s digital yuan sees dismal adoption in Hong Kong

Business

Steve Kaaru

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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Business

Wahid Pessarlay

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9 February, 2023

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Regional Chinese governments have handed out over 180 million yuan ($26.5 million) during the Chinese Lunar New Year, aiming to...

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Business

Wahid Pessarlay

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8 February, 2023

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Officials of the Chinese Communist Party (CCP) in Suzhou are eyeing a massive usage spike of the digital yuan in...

China: Upgraded digital yuan now with smart contract function

Business

Wahid Pessarlay

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24 January, 2023

China: Upgraded digital yuan now with smart contract function

Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to...

China’s digital yuan deployed in securities trade for the first time

Business

Wahid Pessarlay

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20 January, 2023

China’s digital yuan deployed in securities trade for the first time

Soochow Securities has become the first Chinese firm to use the digital yuan in securities trading and providing technical and...

People’s Bank of China currency report now includes digital yuan

Business

Wahid Pessarlay

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16 January, 2023

People’s Bank of China currency report now includes digital yuan

Including digital yuan data in the final report is a clear statement of intent by the PBoC to move with...

China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition

Business

Wahid Pessarlay

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2 January, 2023

China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition

To boost CBDC wallet adoption and keep up with the payments industry, the PBoC digitally incorporated China's age-old tradition of...

China’s digital yuan wins big in cross-border pilot but potential pitfalls threaten efforts

Business

Wahid Pessarlay

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1 November, 2022

China’s digital yuan wins big in cross-border pilot but potential pitfalls threaten efforts

China's adoption rates of its digital yuan have soared since its introduction, but privacy concerns and a gloomy economic outlook...

Macau advances digital currency acceptance, but will casinos accept?

Business

Steven Stradbrooke

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21 October, 2022

Macau advances digital currency acceptance, but will casinos accept?

Macau is eyeing 'currency in digital format' as legal tender as digital payment adoption rises, and while merchants are expected...

China’s digital yuan crosses $14B mark, becomes most adopted CBDC globally

Business

Wahid Pessarlay

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18 October, 2022

China’s digital yuan crosses $14B mark, becomes most adopted CBDC globally

Amid privacy concerns, there has been a strong adoption of China's digital yuan, with transactions using the virtual currency exceeding...

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