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Digital Yuan

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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Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks

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...
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Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive

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,...
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China Minsheng Bank, JD.com Unveil Digital Yuan Collaboration

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....
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Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?

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...
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Chinese Telecoms Firms Growing Increasingly Keen on Digital Yuan

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...
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Shenzhen, China: 36m Digital Yuan Wallets Opened So Far – CBDC Pilot Gathers Pace

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...
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China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k

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...
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