9.93°C
Hilliard
11-14-2024
BSV
$64.41
Vol 116.97m
-4.97%
BTC
$89229
Vol 115780.65m
-3.65%
BCH
$427.33
Vol 789.38m
-4.3%
LTC
$82.4
Vol 1901.07m
6.32%
DOGE
$0.39
Vol 19814.61m
-1.12%

digital yuan

China expands CBDC testing to 4 new provinces as adoption rates skyrocket
-
24 September, 2022

China expands CBDC testing to 4 new provinces as adoption rates skyrocket

China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC,...
Australia: Senator introduces bill regulating digital assets, stablecoins and digital yuan
-
20 September, 2022

Australia: Senator introduces bill regulating digital assets, stablecoins and digital yuan

Introduced by Senator Andrew Bragg, the Digital Assets (Market Regulation) Bill 2022 requires disclosures from Australian companies dealing in digital...
Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC
-
10 September, 2022

Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC

India is eager to kickstart its CBDC trial, partnering with renowned fintech firms to ensure the success of the initiative,...
In China, cities start piloting e-CNY payment in public transport systems
-
27 August, 2022

In China, cities start piloting e-CNY payment in public transport systems

China's CBDC adoption is moving ahead as planned, with several cities testing a new electronic payment method that lets users...
Chinese municipal bank issues first digital yuan loan holding IP as collateral
-
9 August, 2022

Chinese municipal bank issues first digital yuan loan holding IP as collateral

The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by...
PBoC to onboard more provinces and cities to China’s CBDC platform
-
19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...
Shenzhen gives away free 30M digital yuan to attract consumer spending
-
3 June, 2022

Shenzhen gives away free 30M digital yuan to attract consumer spending

The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement...
US senators propose to bar apps supporting digital yuan payments from app stores
-
31 May, 2022

US senators propose to bar apps supporting digital yuan payments from app stores

U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital...
China trials tax and charge payments with digital yuan
-
3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...
China doubles digital yuan pilots as it targets upcoming Asian Games
-
12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...
China central banker urges for regulatory changes to accommodate digital yuan
-
11 March, 2022

China central banker urges for regulatory changes to accommodate digital yuan

An official from Nanjing city wants the law amended to clarify the digital yuan’s position in the payment system, including...
Will China’s digital yuan unseat the US dollar?
-
12 January, 2022

Will China’s digital yuan unseat the US dollar?

The U.S. dollar makes up 51% of central bank reserves, while the CNY only takes up 2%. Also, the U.S....