Tag: china cbdc

Jul 31 2021

Jul 29 2021

China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

Jul 29 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world's third-largest currency in terms of trade, settlements, The post China's CBDC e-CNY a Certain Step...

Jun 02 2021

China Plans A $6.2 Billion Digital Currency Lottery for Beijing Residents

After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of...

May 10 2021

Alibaba’s Ant Group to Allow Online Bank MYBank Test China’s CBDC Digital Yuan

Alibaba's Ant Group, the official partner of China's PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China's online-only bank MYbank, wherein Ant...

Apr 10 2021

Bitcoin (BTC) Growth Is Essential to Maintain USD Dominance over Digital Yuan. Here’s Why

Apr 10 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Multiple industry reports suggest that China's CBDC Developments over the long term can eclipse the USD dominance in global trade. It is true that China is developing its Digital Yuan to reduce the dependence on the USD,...

Apr 08 2021

Amid Inflation Crisis, Turkey Plans to Issue Its CBDC Digital Lira In Two Years

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China's CBDC move, Turkey is all set to launch its...

Feb 24 2021

China’s PBOC to Test Cross-border Digital Currency Payments With Other Central Banks

With its accelerated development on CBDC, China's Central Bank PBOC is now exploring a digital currency cross-border project in collaboration with central banks of Thailand, Hong Kong, and the United Arab Emirates. PBoC is...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: