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digital yuan

Trump’s intelligence chief warns against China’s digital currency dominance
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27 November, 2020

Trump’s intelligence chief warns against China’s digital currency dominance

The United States’ intelligence community has raised concerns over China’s continued dominance in the digital currency space.
China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption
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25 November, 2020

China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption

China’s President Xi Jinping has called on G20 leaders to lay the groundwork for central bank digital currencies adoption by...
China to develop new CBDC test zone in Beijing
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14 November, 2020

China to develop new CBDC test zone in Beijing

The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in...
Huawei new smartphone comes with digital yuan wallet
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5 November, 2020

Huawei new smartphone comes with digital yuan wallet

Huawei’s latest range of smartphones will allow its users to store, send and receive China’s central bank digital currency.
Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
China’s new draft law seeks to legalize digital yuan but ban competitors
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29 October, 2020

China’s new draft law seeks to legalize digital yuan but ban competitors

In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its...
Hong Kong finance chief open to collaboration on digital yuan
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28 October, 2020

Hong Kong finance chief open to collaboration on digital yuan

The Hong Kong government is reportedly exploring working with Chinese authorities to incorporate the digital yuan in wholesale and cross-border...
Chinese consumers spend 8.8 million in digital yuan trial
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26 October, 2020

Chinese consumers spend 8.8 million in digital yuan trial

Equivalent to around $1.3 million in spend, Shenzhen residents reportedly turn to the as-yet-unreleased digital currency for payments in a...
McDonald’s and Starbucks not participating in digital yuan testing: report
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17 October, 2020

McDonald’s and Starbucks not participating in digital yuan testing: report

The American fast food giants were previously thought to have been among the 3,000 firms taking part in trials of...
The CoinGeek Pulse: Episode 16
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16 October, 2020

The CoinGeek Pulse: Episode 16

In this week’s CoinGeek Pulse, Shenzhen residents receive digital yuan in People’s Bank of China’s red packet giveaway, G20 wants...
China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption
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14 October, 2020

China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption

Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
China’s 2nd largest bank briefly launches CBDC wallet—then disables it
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2 September, 2020

China’s 2nd largest bank briefly launches CBDC wallet—then disables it

The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access...