Tag: digital yuan

Jan 14 2021

Crypto News: HongKong Approves First Crypto ETF Fund Worth $100 Million

Jan 14 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million The post Crypto News: HongKong Approves First Crypto...

Jan 11 2021

Chinese Bank Trials Digital Yuan Services at ATMs: Report

Jan 11 2021 Published at CoinDesk under tags  atms china digital yuan news policy & regulation

Trials of China's central bank digital currency continue, with ATMs now starting to be used in Shenzhen.

Jan 04 2021

Shenzhen to Double Digital Yuan Giveaway in China’s Latest Lottery Test

The latest digital currency giveaway is aimed to gauge user experience ahead of an expected launch.

Dec 24 2020

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Dec 24 2020 Published at Coingape under tags  btcbrl btcbusd btcgbp btcjpy btcrub

China Construction Bank, one of the largest banks in China has started a new use case for the country's much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports The post Crypto China: Construction Bank in China...

Dec 16 2020

Dec 15 2020

The city of Suzhou will host the second major test of the digital yuan

Suzhou, a city in eastern China, is the host for the second major test of the digital yuan. The first big test program was conducted in October in the city of Shenzhen. Suzhou is dispensing virtual red parcels to its residents in this test. According to reports, the government will give out 20 million yuan to Suzhou's citizens through a lottery. Virtual red...

Dec 14 2020

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Dec 14 2020 Published at Coingape under tags  btcbrl btcbusd btceur btcjpy btcngn

China's growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China's national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance The post "We Don't Have Ambitions to Replace...

Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

Dec 14 2020 Published at CoinDesk under tags  cbdcs china digital yuan news pboc

"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

Dec 11 2020

3 Chinese E-Commerce Giants Join Latest Digital Yuan Lottery Trial: Report

Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.

Dec 08 2020

Zhou Xiaochuan: The Father of the Digital Yuan

“The PBOC that is not criticized by the public will not withstand the test of history," the current head of the central bank says. Zhou Xiaochuan's legacy – the digital yuan – was sidelined, until it became necessary,.

Dec 06 2020

Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments

Dec 06 2020 Published at CoinDesk under tags  cbdc china digital yuan hong kong news

PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.

Dec 05 2020

Editorial: Is “Digital Yuan” China’s Weapon to Rule Global Markets?

Dec 05 2020 Published at Coingape under tags  altcoin altcoin news bitcoin bitcoin news blog

The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the...

JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery

Dec 05 2020 Published at CoinDesk under tags  business china digital yuan jd.com news

Chinese e-commerce firm JD.Com says it's become the first online platform to accept the nation's central bank digital currency.

Nov 23 2020

China to Hold Second Lottery Trial of the Digital Yuan

Nov 23 2020 Published at CoinDesk under tags  china coinflash digital yuan news pboc

A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.

Nov 09 2020

Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital

Nov 09 2020 Published at CoinDesk under tags  beijing cbdc china digital yuan news

The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.

Nov 03 2020

Huawei’s New Smartphone to Support Digital Yuan

The digital yuan seems ready to launch as Chinese multinational tech company Huawei disclosed that its new smartphone will have a built-in wallet for the digital yuan. Huawei disclosed this via its Weibo channel, noting that its new Mate 40 smartphone series would feature a hardware wallet...

Oct 07 2020

Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that...

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