Tag: Yuan
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…
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…
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…
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…
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…
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,…
$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…
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…
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…
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…