China: Chongqing Launches Tax Payment Pilot for Digital Yuan
The Chongqing district in China is to conduct a new pilot for the digital yuan CBDC. The pilot will allow taxpayers to make payments in digital yuan.
City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries’ economic hubs.
China Introduces Student Digital Yuan Card to Track Purchases in New Trial
China’s digital yuan development has upped the ante since the turn of the year. The number and variety of trials have continued to increase, spreading the web of implementation options.
Digital Yuan Ban: Senators Seek To Ban China’s E-CNY From US App Stores
Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American…
Draft bill to ban China’s digital yuan from US app stores
Three Republican senators introduced a bill to protect Americans from the “Authoritarian Digital Currencies Act.”
China’s Payment Giant Alipay Launches Digital Yuan Applet
Alipay, a renowned payment platform in China has extended the propagation of the digital yuan through its latest implementation. It has created a “digital RMB” search function that would simplify…
Digital yuan: Chinese cities accept CBDC for tax payments
TL; DR Breakdown Cities in China accept CBDC for tax payments China set to test digital yuan at Asian Games Chinese cities airdrop digital yuan to residents The thought process…
Residents of 3 Chinese cities paying taxes and charges with digital yuan
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.
The Beijing Olympics Was the Coming Out Party for China’s Digital Yuan. What Comes Next?
China first considered a CBDC in 2014, ramping up research in 2019. Now it’s live and in wide use, and could lead other countries to follow.
Chinese Man Pays Court-Issued Fine in Digital Yuan in Landmark Event
The digital yuan is growing in status and achieving new milestones. In a recent scenario, a citizen of China has used the developing Central Bank Digital Currency (CBDC) token to…
