Bitcoin News / Bitcoinist - 1 year ago
Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citizens.
The proposed “Defending Americans...
Cryptocoins News / The Cointelegraph - 1 year ago
Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency.Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, introduced a bill...
Bitcoin News / Bitcoinist - 2 years ago
Shenzhen residents are all set to receive digital Yuan worth $2.29 million as part of the Central Bank Digital Currency (CBDC) testing. The Chinese government will be giving these 15 million Yuan in CBDC to 130,000 residents.
This CBDC will be eligib...
Cryptocoins News / The Cointelegraph - 2 years ago
Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency (CBDC) — the digital yuan (e-CNY). According to a domestic news report, a number of government ag...
Bitcoin News / Bitcoin.com - 2 years ago
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required.
Digital Yuan Pilot...
Bitcoin News / Bitcoin.com - 2 years ago
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users.
PBOC Adds More Cities to Test Its CBDC
&...
Cryptocoins News / NewsBTC - 2 years ago
While the Olympic Games are the world’s premier showcase for athletes to display their skills, a star of an entirely different kind is also grabbing the spotlight in Beijing – the e-CNY, or electronic yuan. And, so far, it looks as if the world’s fi...
Bitcoin News / Bitcoin.com - 2 years ago
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It seems all the foreign users are using...
Bitcoin News / Bitcoinist - 2 years ago
The 2022 Winter Olympics in Beijing were the first time the entire world heard about China’s first official digital currency: the digital yuan.
According to a Reuters report quoting officials from the People’s Bank of China (PBoC), the 20...
Cryptocoins News / CoinJournal - 2 years ago
The 2022 Winter Olympics in Beijing was the moment the whole world got introduced to China’s first official digital currency: the digital yuan.
More than £222,000 is said to be spent with the countries own digital token every day, according to new...
Cryptocoins News / The Cointelegraph - 2 years ago
The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s Bank of China (PBoC).The e-CNY, China’s central bank di...
Cryptocoins News / Blockchain - 2 years ago
At the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded Visa, according to a Wall Street Journal on Wednesday.
At the time of the Beijing Winter Olympics, the Olympic Villa...
Cryptocoins News / The Cointelegraph - 2 years ago
On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa.In a Wednesday report from the Wall Street Journal, a person familia...
Bitcoin News / Bitcoinist - 2 years ago
China debuted its homegrown digital yuan at the 2022 Beijing Winter Olympics on Friday last week, in an effort to assert its competency in the international community.
However, it appears that some locals, foreign visitors, and officials are not com...
Cryptocoins News / Blockchain - 2 years ago
Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, requested the U.S. administration to closely examine the Chinese digital yuan's rollout during Beijing Winter Olympics.
In a letter to Treasury Secretary Janet Yellen and Sec...
Cryptocoins News / The Cointelegraph - 2 years ago
With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.According to a Friday report from...
Cryptocoins News / The Cointelegraph - 2 years ago
Restricting the number of spectators at the major international sporting event will "likely further delay the mass adoption of the digital currency," according to the Foundation for Defen...
Bitcoin News / Bitcoin.com - 2 years ago
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made u...
Bitcoin News / Bitcoin.com - 2 years ago
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yu...