Bitcoin News / Bitcoin.com - 1 month ago
The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and e...
Bitcoin News / Bitcoin.com - 1 month ago
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital...
Bitcoin News / Bitcoin.com - 3 months ago
The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after rec...
Bitcoin News / Bitcoin.com - 4 months ago
The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported iron...
Bitcoin News / Bitcoin.com - 4 months ago
Singapore and China have teamed up on a pilot to allow tourists in both countries to spend China’s central bank digital currency, the digital yuan. “This will enhance convenience for travelers when making purchases during their overseas t...
Bitcoin News / Bitcoin.com - 4 months ago
Standard Chartered Bank (China) has become one of the first foreign banks to participate in China’s central bank digital currency (CBDC) pilot. The bank explained that as an international bank rooted in the Chinese market for 165 years, Standar...
Cryptocoins News / CoinJournal - 4 months ago
HSBC and Hang Seng Bank have officially joined China’s digital Yuan pilot. HSBC China customers can now utilize their debit cards to access personal digital Yuan wallet services. There have been collaborative efforts between foreign banks and...
Bitcoin News / Bitcoin.com - 5 months ago
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and t...
Bitcoin News / Bitcoin.com - 5 months ago
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help compa...
by COINS NEWS - 5 months ago
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Bitcoin News / Bitcoin.com - 5 months ago
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil and...
Cryptocoins News / The Cointelegraph - 5 months ago
CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange. The digital yuan has been used...
by COINS NEWS - 6 months ago
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Bitcoin News / Google News Bitcoin - 6 months ago
China Opens Digital Yuan Park in Shenzhen – Finance Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 6 months ago
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to b...
Cryptocoins News / The Cointelegraph - 6 months ago
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan. China opened an ind...
Bitcoin News / Bitcoin.com - 6 months ago
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, crea...
by COINS NEWS - 6 months ago
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Bitcoin News / Bitcoin.com - 6 months ago
Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global payment...
Cryptocoins News / The Cointelegraph - 6 months ago
The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option. Tourists planning to visit t...
Bitcoin News / Google News Bitcoin - 7 months ago
China Wants the Digital Yuan to Be Ubiquitous in Retail Payments ...& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 7 months ago
China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-b...
Cryptocoins News / The Cointelegraph - 7 months ago
In the short term, e-commerce platforms can integrate the CBDC through QR codes. While China’s central bank digital currency (CBDC), the digital yaun, goes through te...
Bitcoin News / Bitcoin.com - 7 months ago
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a C...
Bitcoin News / Bitcoin.com - 8 months ago
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping aw...
