Tag: digital yuan

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...

Apr 02 2021

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Apr 02 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

People Bank of China, the Chinese Central Bank believes the rising price of...

Mar 26 2021

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

Mar 25 2021

China Offers Global Regulatory Guidelines For CBDC

Mar 25 2021 Published at Coingape under tags  cbdc cbdc regulations china digital yuan news

China has proposed a set of global guidelines on Central Bank Digital...

Feb 03 2021

China’s Central Bank Is Partnering With SWIFT on a New Joint Venture

Feb 03 2021 Published at CoinDesk under tags  china digital yuan news pboc policy & regulation

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.

Jan 27 2021

Geopolitics at Stake in US Response to China’s Digital Yuan: Report

Jan 27 2021 Published at CoinDesk under tags  cbdc china digital yuan privacy tech

From privacy to political power, China’s digital yuan will have far-reaching implications.

Jan 24 2021

Beijing, Shanghai Back Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

Jan 21 2021

What Does The Digital Yuan Mean For Bitcoin?

Jan 21 2021 Published at Bitcoin Magazine under tags  banking china digital yuan pboc

The Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on ICOs, exchange...

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw

Lottery entrants can apply to win 200 digital yuan each.

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,.

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