Tag: digital yuan

Jul 21 2021

Chinese Insurance Giant Pingan Starts Issuing Digital Yuan Settled Policies

Jul 21 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Digital Yuan (e-CNY), the Chinese soverign national digital currency is now being used as a settlement tool for insurance policies. Insurance giant PingAn Property & Casualty Shenzhen Branch teamed up with Bank of China Shenzhen to issue the first even digital yuan settled insurance policy. The policy is exclusively available for the medical staff in The post Chinese Insurance Giant Pingan Starts Issuing...

Jul 20 2021

Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

Jul 20 2021 Published at Bitcoinist.com under tags  cbdc china digital yuan u.s.

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. As the document...

Jul 16 2021

Jul 11 2021

China Gives Out $40 Million Of Digital Yuan In Red Envelopes To Boost Adoption

Jul 11 2021 Published at Bitcoinist.com under tags  cbdc china digital yuan

China, which has the world's most advanced digital currency initiative, has distributed more than $40 million in red envelopes containing digital yuan thus far. The CBDC's promotional effort is now focusing on five main cities, with regional development priorities in mind. Digital Yuan Begins Red Envelope Project The experimental implementation of the digital RMB, the central bank digital currency (CBDC) issued by the...

Jul 08 2021

Jul 06 2021

Jun 30 2021

After Chasing Off Bitcoin Miners, China Launches New Test For Digital Yuan

Jun 30 2021 Published at Bitcoinist.com under tags  bitcoin china digital yuan

China’s Digital Currency Electronic Payment (DCEP), also called Digital Yuan or e-CNY, will be tested on Beijing’s Subway. The Asian Giant has launched a fresh crackdown on the crypto industry and seems to be preparing for a big move on their DCEP project. Via its Twitter handle investment firm Sino Global Capital...

Jun 23 2021

Bank of Israel uses Ethereum blockchain for upcoming ‘digital shekels’

A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain. Issuing stablecoins on...

Jun 18 2021

Jun 11 2021

Central Bank of Nigeria (CBN) Plans For a CBDC Launch By the End of 2021

On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director...

Jun 05 2021

Shanghai to Airdrop Millions in Digital Yuan

Jun 05 2021 Published at Coingape under tags  airdrop cbdcs china digital yuan g7

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality....

Why G7 Nations Are Raising Strong Concerns for China’s New Digital Yuan Plan?

Finance Ministers of the G7 economies have kicked off the 2-day meeting in London on Friday, June 4. This is the first face-to-face meeting after the G20 meeting in February 2020 n Saudi Arabia. The top things on agenda have been deciding the rules for the working of digital currencies issued by central banks and The post Why G7 Nations Are Raising Strong...

Jun 03 2021

China Begins $6 Million Digital Yuan Airdrop Trial

Jun 03 2021 Published at Bitcoinist.com under tags  china digital yuan news

China has been developing its central bank digital currency (CBDC), the Digital Yuan, for over seven years. The project has come to a critical test phase and it's ready to be used by the citizens. A...

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...

Jun 01 2021

The Chinese Press Says Regulators Want To Cancel Bitcoin, But It’s Not Feasible

Award-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which...

May 25 2021

Bybit To Close All Accounts Registered To Chinese Phone Numbers On June 15th

May 25 2021 Published at Bitcoinist.com under tags  breaking news bybit cbdc china chinese

Bybit, a popular crypto derivatives exchange that originated from China has announced it would be terminating all accounts registered with a Chinese phone number by June 15. Termination Is In Response To Chinese Authorities Crypto Crackdown Bybit, a prominent crypto derivatives exchange based in China, has announced that all accounts registered with a Chinese phone number will be terminated by June 15. Last...

May 06 2021

MasterCard In Talks With China’s Central Bank to Support Global “Digital Yuan” Transactions

After enough internal testing locally, the Chinese central bank - The People's Bank of China (PBoC) - is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the...

Apr 29 2021

Fed Chairman Says The U.S. Is Not Competing With China on Central Bank Digital Currency (CBDC)

The Chinese central bank - People's Bank of China (PBoC) - has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn't quite...

Apr 27 2021

Here’s Why The Digital Yuan Is The Opposite Of Bitcoin

The Digital Yuan is imminent. The time for Central Bank Digital Currencies is near us. Sooner than later, CBDCs will be the norm. And the Digital Yuan will break ground. Here's what this means for Bitcoin and why the two assets are directly...

China’s E-commerce Giant JD.com Starts Paying Employee Salaries in Digital Yuan

Apr 27 2021 Published at Coingape under tags  digital yuan jd.com news pboc regulation news

Some of the top Chinese conglomerates have already joined hands with the People's Bank of China (PBoC) in testing the country's own CBDC, Digital Yuan. As per the latest CNBC...

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