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Digital Yuan

Chinese Criminal Gang Sentenced for Laundering Money with Digital Yuan

In an international scheme, a criminal syndicate in China has been convicted of money laundering utilizing digital yuan. As detailed in an Mpaypass report, the People’s Procuratorate of Yuecheng District,...
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Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards

A significant Chinese financial institution, Industrial Bank, has unveiled a new incentive program aimed at promoting the usage of the digital yuan. According to reports from CICC Online, the bank...
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Top Chinese Law Firm Analyzes Digital Yuan AML Challenges

JunHe Law Firm from China has published a report focusing on the hurdles in anti-money laundering (AML) presented by the digital yuan. Partner Chen Xin of JunHe Law Firm has...
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China Expands Digital Yuan Accessibility Through Hardware Wallet Integration

The Qingdao branch of the Bank of China (BOC) has unveiled a novel payment solution for Qingdao’s metro transit system, leveraging digital yuan hardware wallets. Reported by the local news...
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China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors

The People’s Bank of China, China’s central bank, has released a digital yuan service manual aimed at assisting foreign visitors in utilizing e-CNY for contactless payments. According to a report...
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China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs

Shandong Province in China has initiated a digital yuan loan initiative aimed at supporting entrepreneurs, marking a significant move towards incorporating digital currency into local business operations. As reported by...
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Chinese Authority Warns of Fake Digital Yuan App Scam

The Ministry of Industry and Information Technology (MIIT) in China has issued a cautionary notice regarding new fraudulent activities revolving around counterfeit digital yuan applications. As per a recent MIIT...
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Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts

Shenzhen, a city in China, has introduced digital yuan smart contracts for pre-paying for cars, in collaboration with the Agricultural Bank of China. Reported by the local newspaper Jing Bao,...
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Chinese Company Issues First $350 Million Tech Innovation Bond Raised in Digital Yuan

A Chinese infrastructure firm has effectively secured $350 million in digital yuan to fund its innovative technology bond. As reported by Shanghai Securities News, the Shandong Hi-Speed Group has launched...
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Banks Flock to Chinese Digital Yuan Pilot – 60 Now Offer CBDC Wallets

Nine additional banks have recently joined China’s digital yuan pilot program, contributing to a total of 60 banks that now offer Central Bank Digital Currency (CBDC) wallets. The latest participants...
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