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Digital Yuan

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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Chinese Cities Launch End-of-Year Digital Yuan Giveaways

In an effort to encourage the adoption of the Central Bank Digital Currency (CBDC), more Chinese cities are set to distribute digital yuan tokens and discount vouchers this month. The...
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China Links Digital Yuan to ‘World’s Biggest Commodities Market’

A state-owned Chinese bank, the Bank of China, is set to connect the digital yuan to the payment platform of what is referred to as the “world’s biggest small commodities...
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Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services

Didi Chuxing, the renowned ride-sharing powerhouse in China, has launched a service that incorporates the digital yuan. This initiative allows residents across 250 regions in the country to utilize their...
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China Aiming for International Digital Yuan Expansion – e-CNY Going Global?

China is evidently keen on expanding its digital yuan (CBDC) on an international scale, hinting at future integrations with CIPS and BRI. According to a report by Alpha Factory (sourced...
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Chinese Banks, Firms Make Digital Yuan Smart Contract Progress

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...
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More Chinese Firms Paying Workers in Digital Yuan

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)....
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