People's Bank of China

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

Finance

Wahid Pessarlay

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30 May, 2024

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the...

Finance

Steve Kaaru

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28 May, 2024

Hong Kong enables digital yuan payments

Hong Kong has become the first destination beyond mainland China to allow residents to open digital yuan wallets and make...

China working on CBDC guide to make digital yuan more accessible to foreign users

Business

Wahid Pessarlay

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27 March, 2024

China working on CBDC guide to make digital yuan more accessible to foreign users

The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists...

China, Singapore launch digital yuan cross-border payments pilot for tourists

Business

Wahid Pessarlay

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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...

China’s digital yuan pilot gathers steam

Business

Wahid Pessarlay

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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

Business

Wahid Pessarlay

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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...

Chinese banks partner with foreign counterparts to boost CBDC adoption

Business

Wahid Pessarlay

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26 October, 2023

Chinese banks partner with foreign counterparts to boost CBDC adoption

Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.

China integrates new blockchain consensus protocol into mBridge cross-border CBDC project

Tech

Steve Kaaru

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21 October, 2023

China integrates new blockchain consensus protocol into mBridge cross-border CBDC project

mBridge previously relied on a customized network developed by four central banks, but it’s now deployed on the Dashing Protocol...

China must prevent the use of digital yuan in crime: former central bank governor

Business

Steve Kaaru

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17 October, 2023

China must prevent the use of digital yuan in crime: former central bank governor

As the costs of using any technology drop, it becomes easier for criminals to abuse it; just look at crypto...

Digital yuan enhances new cross-border functionality for Hong Kong

Business

Wahid Pessarlay

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14 October, 2023

Digital yuan enhances new cross-border functionality for Hong Kong

China boosts CBDC for tourist adoption focusing on Hong Kong residents, new features enable seamless Faster Payment System top-ups, advancing...

Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists

Business

Wahid Pessarlay

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29 September, 2023

Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists

The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as...

People’s Bank of China to use digital yuan for retail CBDC transactions

Business

Wahid Pessarlay

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9 September, 2023

People’s Bank of China to use digital yuan for retail CBDC transactions

As digital renminbi uses the latest network and mobile payment technology, the director of the Digital Currency Research Institute of...

People’s Bank of China

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