Cryptocoins News / The Cointelegraph - 1 year ago
Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from Hong Kong residents. The Chinese government’s central bank digital currency (CBDC)...
Cryptocoins News / The Cointelegraph - 1 year ago
Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year According to state-owned...
Bitcoin News / Bitcoinist - 1 year ago
Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development. Furthermore, the government is put...
Cryptocoins News / The Cointelegraph - 1 year ago
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season. Millions of dollars worth of China’s...
Cryptocoins News / The Cointelegraph - 1 year ago
Hainan’s market regulator wants to promote nonfungible tokens as part of the digital economy, but will actively work to weed out bad actors and speculative behavior. A...
Bitcoin News / Bitcoinist - 1 year ago
The rising adoption of digital assets has resulted in multiple countries adding support for digital currencies. Earlier today, China’s central bank, the People’s Bank of China (PBOC), announced the continued expansion of the country’s central bank di...
Cryptocoins News / The Cointelegraph - 1 year ago
China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments. China’s central bank digit...
Cryptocoins News / The Cointelegraph - 1 year ago
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022. The People’s Bank of China, or PBoC, has begun includin...
Bitcoin News / Bitcoin.com - 1 year ago
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being e...
Bitcoin News / Google News Bitcoin - 1 year ago
China's Digital Yuan Little Used, Former Central Bank Official Says ...& & Bitcoin News
Cryptocoins News / The Cointelegraph - 1 year ago
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.” A former official of the P...
Cryptocoins News / Blockchain - 1 year ago
In October, two years after introduction, China's digital yuan transactions reached $14 billion (100 billion yuan). 261 million people possessed e-CNY wallets, according to a January PBOC study. China UnionPay reported 903.6 million mobile payment us...
Cryptocoins News / Blockchain - 1 year ago
China's PBoC Governor Yi Gang has reassured that the country's Digital Yuan will prioritize privacy protection (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume. Chinese central bank...
Cryptocoins News / The Cointelegraph - 1 year ago
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong. China’s central bank digital currency (CBDC) pro...
Bitcoin News / Bitcoin.com - 1 year ago
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: Senator Andrew Bragg proposed a crypto bill to facilitate tight disclosure requirements.The bill targets China’s Digital Yuan as Beijing tests cross-border utility for the central bank’s digital currency.Nine U.S. lawmakers a...
Cryptocoins News / The Cointelegraph - 1 year ago
Senator Andrew Bragg on Monday released a draft bill aimed at regulating crypto exchanges, stablecoins and the digital yuan. Australian Liberal Senator Andrew Bragg h...
Bitcoin News / Bitcoin.com - 1 year ago
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital...
Cryptocoins Exchanges / Binance - 1 year ago
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Bitcoin News / Bitcoin.com - 1 year ago
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-i...
Cryptocoins News / The Cointelegraph - 1 year ago
According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be aird...
Bitcoin News / Bitcoinist - 1 year ago
China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spending amidst a pandemic hit economy. This air...
Cryptocoins News / The Cointelegraph - 1 year ago
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the city of She...
by COINS NEWS - 1 year ago
China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy affected by lockdowns. The total sum of these envelopes amounts to $4.5 million. The envelopes wil...
