Posted in Cryptocurrency

Top Chinese Bank Launches Testing for a Digital Yuan “Hardware Wallet” Card

CBDC Top Chinese Bank Launches Testing for a Digital Yuan “Hardware Wallet” Card Top Chinese bank launches testing of its…

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Posted in Cryptocurrency

Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’

China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts…

Continue Reading... Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’
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Chinese Tech Firms Didi, Meituan, & Bilibili Launch Lottery-Based Trials for Digital Yuan

Tests for China’s digital yuan are still ongoing as companies continue to join the People’s Bank in its efforts to…

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Japan Joins the CBDC Race With A ‘Digital Yen’ Trial; 30 Major Firms Will Start Experiments In 2021

While China has already successfully run the pilot test of its digital yuan, now Japan is getting ready to do…

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China’s Crackdown on Crypto Rears its Head as BTC Gets “Over-Extended” & PBoC Focuses on DCEP

As China accelerates its digital yuan development, it is taking steps to tighten its control on the cryptocurrency market. In…

Continue Reading... China’s Crackdown on Crypto Rears its Head as BTC Gets “Over-Extended” & PBoC Focuses on DCEP
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Digital Yuan Pilot Records $300 Million in Transactions But No Launch Yet, says PBOC Governor

The pilot program on the digital yuan rollout across four cities – Shenzhen, Suzhou, Xiong’an, and Chengdu has been smooth,…

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$1.3M in Chinese Digital Yuan Were Spent In The Largest DCEP Test Run in Shenzhen Province

China is on the verge of completing trials and pilot programs for its national digital currency for the Yuan, which…

Continue Reading... $1.3M in Chinese Digital Yuan Were Spent In The Largest DCEP Test Run in Shenzhen Province
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Euro’s Dominance at Risk of Replacement by Digital Yuan in the Next Five Years: dGen Report

The Euro might be overtaken by China’s digital Yuan as soon as 2025 if the European Union will not have…

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Chinese Ride-Hailing Unicorn, Didi Chuxing, to Pilot Digital Yuan; First Mass Scale Use of DCEP

China’s ‘Uber,’ Didi Chuxing, will test run the digital yuan according to an announcement on July 8. The Chinese ride-hailing…

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Posted in Cryptocurrency

Will China’s CBDC See Strong Adoption Or Will Dollar Pegged Stablecoins Cause Resistance?

China’s digital yuan is touted as a powerful challenger to the US’s global dollar dominance, but not as a direct…

Continue Reading... Will China’s CBDC See Strong Adoption Or Will Dollar Pegged Stablecoins Cause Resistance?