China’s digital yuan nears $250B transaction volume: Central bank governor
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.
As digital yuan hype fades, China must find fresh institutional use cases
Business-to-business adoption may be the key focus area for China’s digital yuan as the hype around it fades away, experts say.
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to…
Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares
Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital…
Chinese Autonomous Region of Guanxi to Adopt Digital Yuan in Push for ASEAN Trade Integration
The Chinese autonomous region of Guanxi, located in the south of China, will implement a wide adoption plan for the digital yuan, that includes a push for using it as…
BNP Paribas teams up with Bank of China to promote digital yuan usage
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.
Public Sector Leads Transition to Digital Yuan Wage Payments
In a bid to drive CBDC adoption, the Chinese government is pushing to pay more state employees in digital yuan.
More Chinese Government Employees Will Soon Be Paid in Digital Yuan: Report
Public sector workers in the Chinese City of Changshu are the latest to be enlisted in China’s CBDC rollout.
Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?
A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and…
China’s Fujian Province processes nearly $22B in digital yuan transactions
China is pushing ahead with plans to adopt a digital yuan.
