China

Chinese banks and enterprises are keen to intensify their utilization of smart contracts powered by the digital yuan, reflecting the financial and business sectors’ attention to CBDC advancements. According to...Read More

An increasing number of Chinese enterprises are adopting the digital yuan for salary payments, in line with Beijing’s efforts to boost the usage of its Central Bank Digital Currency (CBDC)....Read More

Hong Kong is progressing into the next phase of technical testing for China’s digital currency, the digital yuan, broadening the trial to encompass additional Hong Kong-based banks. The collaboration between...Read More

A commercial bank in China has rolled out a novel rewards program utilizing the digital yuan, where individuals earn CBDC tokens for recycling waste. As reported by Danzong through Xinhua,...Read More

Minsheng Bank in China has revealed a partnership with the e-commerce behemoth JD.com, which is enthusiastic about the Central Bank Digital Currency (CBDC), to initiate a digital yuan-driven payment facility....Read More

Chinese banks are exploring the expansion of digital yuan usage in their functions, initiating the country’s premiere settlement service for bulk commodity spot clearing driven by the central bank digital...Read More

As reported, Chinese telecom operators are showing a growing interest in adopting the digital yuan, as the Central Bank Digital Currency (CBDC) continues to gain traction in new areas. According...Read More

The city of Shenzhen in China has reported a significant milestone in its central bank digital currency (CBDC) pilot. According to the Shenzhen branch of the People’s Bank of China...Read More

Changzhou, China, plans to distribute digital yuan tokens and coupons worth $700,000 as part of the ongoing pilot program for the nation’s central bank digital currency (CBDC). The initiative aims...Read More