Bank of China: Digital yuan transactions volume crossed $14B mark
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.
First Digital Yuan Land Transfer Executed in Chinese Province of Fujian
The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The post First Digital Yuan Land…
China Will Extend Its Testing of the Digital Yuan to Its Most Populated Provinces
According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced…
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced…
Australian Senator Includes China’s Digital Yuan CBDC Requirements in New Digital Assets Bill
Australian Liberal Senator Andrew Bragg has introduced a bill to regulate crypto assets so that the country ‘keeps up with the global pace’ in handling rules for digital assets. The…
Australian Senator Proposes Crypto Bill Targeting China’s Digital Yuan
The proposal lays out disclosure requirements for banks that could make China’s central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin…
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus…
Chris Giancarlo on Future of China’s Digital Yuan
Former CFTC Chair Chris Giancarlo discusses the potential impact of central bank digital currencies (CBDCs) on crypto lending and global finance. “”You could envision a world 10 years from now…
The race between Bitcoin and the digital yuan
The main differences and advantages of the digital yuan versus Bitcoin
Digital Yuan Usage in China Leaps 1,800% in Past 12 Months
The digital yuan is gaining traction in China with the number of wallets growing exponentially to 261 million. The post Digital Yuan Usage in China Leaps 1,800% in Past 12…
