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digital yuan

The CoinGeek Pulse Episode 31: Tesla buys BTC, China digital red packets for Lunar New Year and blockchain powers recycling
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12 February, 2021

The CoinGeek Pulse Episode 31: Tesla buys BTC, China digital red packets for Lunar New Year and blockchain powers recycling

This week’s top story on CoinGeek Pulse is Tesla’s recent announcement that it bought US$1.5 billion dollars’ worth of BTC.
Digital yuan rolls on as new tests announced in China
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12 February, 2021

Digital yuan rolls on as new tests announced in China

China’s plans for a central bank digital currency have taken further steps forward, with the roll out of fresh real-world...
China’s latest CBDC airdrop
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4 February, 2021

China’s latest CBDC airdrop

The Chinese city of Suzhou has announced that it will be holding a $5 million airdrop of China's central bank...
Shanghai, Beijing and other major cities plan large-scale digital yuan tests
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26 January, 2021

Shanghai, Beijing and other major cities plan large-scale digital yuan tests

The accelerated testing phase comes after a successful year for the state-backed digital currency in which it was used in...
China unveils first digital yuan physical card in Shanghai
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12 January, 2021

China unveils first digital yuan physical card in Shanghai

Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make...
China extends digital yuan test to Beijing as Shenzhen holds second lottery
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6 January, 2021

China extends digital yuan test to Beijing as Shenzhen holds second lottery

China’s digital currency electronic payment has been in testing phase in locations including Shenzhen, Suzhou, Xiong’an New Area, and Chengdu.
Digital yuan not a replacement for the US dollar: ex-PBoC governor
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17 December, 2020

Digital yuan not a replacement for the US dollar: ex-PBoC governor

China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor...
Suzhou residents make 20,000 digital yuan transactions on Double 12
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16 December, 2020

Suzhou residents make 20,000 digital yuan transactions on Double 12

Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant...
China and Hong Kong working on digital yuan cross-border payments
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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...
China: ‘Embrace blockchain, ignore crypto’
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8 December, 2020

China: ‘Embrace blockchain, ignore crypto’

Authorities in China are pressing individuals and businesses to embrace the potential of blockchain technology while ignoring the role of...
Russia central bank snubs private ruble-pegged stablecoins
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7 December, 2020

Russia central bank snubs private ruble-pegged stablecoins

The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency,...
Digital yuan trial coming to China’s Suzhou City
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28 November, 2020

Digital yuan trial coming to China’s Suzhou City

Beginning December, residents across the city will be the central bank digital currency in so-called “red packets,” with 50,000 packets...