Browsing Tag
Digital Yuan
15 posts
Beijing asks WeChat to lower its mobile payment share amid digital yuan pilot
China’s regulators have asked Tencent Holdings to lower the mobile payment market share of WeChat just a few…
China’s Industrial Bank rewards digital yuan spending with carbon credits
Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY…
Hong Kong debuts China’s digital yuan pilot, prohibits peer-to-peer transfers
China’s central bank digital currency is now available in Hong Kong, as Beijing is pushing hard to digitize…
Digital yuan being dumped in favor of cash
While Beijing is trying to popularize its digital yuan, only a few seem to be ready to use…
China accelerates CBDC pilot with cross-border precious metals transaction
China’s major lender has concluded the cross-border settlement for precious metals trading with digital yuan. The Bank of…
Standard Chartered China provides digital yuan exchange services
Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s…
U.S. policymakers introduce bill targeting China’s digital yuan
Senator Rick Scott introduced a prohibition act seeking to bar U.S. financial service operators from interacting with China’s…
Tencent launches credit solution for digital yuan
WeChat operator, Tencent, announced the launch of a new digital yuan smart contract enterprise credit solution platform. The…
China FX regulator supports CBDC amid monetary policy
A Chinese foreign exchange regulator official showed its support for the CBDC development, the digital yuan. Lu Lei,…
China launches first digital currency industrial park
China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in…