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digital yuan

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments
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11 June, 2021

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments

While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with...
China giving away $6 million in Beijing digital yuan test
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7 June, 2021

China giving away $6 million in Beijing digital yuan test

The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each...
Alipay to enable test of digital yuan
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14 May, 2021

Alipay to enable test of digital yuan

The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is...
China’s retail giant JD.com pays employees with digital yuan
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30 April, 2021

China’s retail giant JD.com pays employees with digital yuan

JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
CBDC development is accelerating, but China isn’t winning the race: PwC report
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24 April, 2021

CBDC development is accelerating, but China isn’t winning the race: PwC report

PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Digital yuan ‘no threat to US dollar, Bank of Japan official says
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23 April, 2021

Digital yuan ‘no threat to US dollar, Bank of Japan official says

A senior executive at the Bank of Japan has said China’s forthcoming digital currency does not pose a threat to...
Macau steps closer to digital yuan use in casinos
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16 April, 2021

Macau steps closer to digital yuan use in casinos

Macau’s Chief Executive Ho Iat Seng informed the Legislative Assembly of plans to “study the feasibility of issuing a digital...
Digital yuan pilot moves to southern Hainan province
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12 April, 2021

Digital yuan pilot moves to southern Hainan province

In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the...
Chinese banks open for digital yuan wallet applications
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30 March, 2021

Chinese banks open for digital yuan wallet applications

The move is being seen as a widening of the scope of trials of the digital currency, following successful regional...
China’s digital yuan will be private but not anonymous: CBDC lead
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24 March, 2021

China’s digital yuan will be private but not anonymous: CBDC lead

The controllable anonymity will protect the central bank digital currency against criminal use and ensure the bank can track all...
First set of local retailers in Shanghai accept digital yuan payments
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13 March, 2021

First set of local retailers in Shanghai accept digital yuan payments

As local outlets report, China is accelerating its rollout as it readies the digital currency for use during the Winter...
New Chinese law further prohibits ICOs: report
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18 February, 2021

New Chinese law further prohibits ICOs: report

With its new decree, the government is further seeking to stamp out cryptocurrency token sales completely, according to local reports.