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digital yuan

China’s digital yuan wallet launches on app stores for 11 select cities
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6 January, 2022

China’s digital yuan wallet launches on app stores for 11 select cities

The wallet is available for users in Shenzhen, Shanghai, Chengdu, Qingdao, Suzhou and six other cities, as well as those...
China links digital yuan to Hong Kong’s Faster Payments System in second CBDC trial phase
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14 December, 2021

China links digital yuan to Hong Kong’s Faster Payments System in second CBDC trial phase

China has embarked on the second phase of its cross-border central bank digital currency research with Hong Kong, and it...
China releases new digital yuan coupons ahead of 2022 Olympics
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10 December, 2021

China releases new digital yuan coupons ahead of 2022 Olympics

Four state-owned banks issued a new batch of digital yuan coupons in Beijing, which officials said can be used for...
Chinese police crack down on digital yuan fraud ring
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18 November, 2021

Chinese police crack down on digital yuan fraud ring

Local authorities received a report from a woman who claimed she had been defrauded through a well-orchestrated digital yuan scam.
PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions
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9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...
China urges US companies to accept digital yuan
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27 October, 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports...
JD.com partners with local bank for digital yuan giveaway
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10 September, 2021

JD.com partners with local bank for digital yuan giveaway

JD.com has teamed up with the Bank of Communications to give away $2.5 million in a lottery for the second...
The CoinGeek Pulse Episode 57: China tech sector crackdown continues, Ethereum congestion forces King Tiger Casino shutdown, 2GB block mined on BSV
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20 August, 2021

The CoinGeek Pulse Episode 57: China tech sector crackdown continues, Ethereum congestion forces King Tiger Casino shutdown, 2GB block mined on BSV

As part of its goal to become the world’s “tech superpower,” China’s central government is intensifying the crackdown on technology...
Beijing underground rolls out full integration of CBDC for payments
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12 August, 2021

Beijing underground rolls out full integration of CBDC for payments

The city’s railway announced last week that the digital yuan, or e-CNY, would be available immediately at 428 stations across...
China rolls out digital yuan for subway payments in Beijing, Suzhou
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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...
The CoinGeek Pulse Episode 49: China intensifies crackdown as US ‘hubs’ to the rescue, and Centbee Minit Money joins sandbox
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25 June, 2021

The CoinGeek Pulse Episode 49: China intensifies crackdown as US ‘hubs’ to the rescue, and Centbee Minit Money joins sandbox

In the wake of testing its central bank backed digital currency in different cities, China intensifies crackdown on block reward...
China central bank orders banks to cut off all digital currency OTC merchants
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22 June, 2021

China central bank orders banks to cut off all digital currency OTC merchants

China’s central bank has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital...