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...
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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...
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...
Bitcoin can’t catch a break. The attack continues. In China, the miners are running for their livelihood. The country pledged carbon neutrality by 2060, and they seem to think Bitcoin mining is in its way. The risks inherent to leveraged trading are also under review. This is the first time a high-ranking member of the Chinese government expresses a determination to act....
Three associates of the People's Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from...
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...
Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this,...
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...
As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC - Digital Yen...
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...
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...
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