Tag: digital yuan

China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank…

The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has…

Despite China’s notable progress with the digital yuan, its inward focus on the domestic economy is proving to be a major hurdle in the battle for international superiority. Not content…

The Chinese government had just begun to celebrate the nation’s digital Yuan as a secure and centralized digital payment method when the Xinmi police cracked down on the first-ever money…

China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head.

Former president of People’s Bank of China believes that traditional cryptocurrencies cannot become a convenient payment tool inside of traditional economic systems

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report…

Cryptocurrency markets have been climbing again to kick off the week, and the total market capitalization has reached a record high once again. The market capitalization for all cryptocurrencies has…

The People’s Bank of China (PBoC) Governor Yi Gang has confirmed on Sunday Oct 17 that the digital yuan’s focus is on domestic and retail use for now. At an…

China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner.