Bitcoin News / Bitcoin.com - 2 years ago
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible pr...
Cryptocoins News / The Cointelegraph - 2 years ago
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape. With each passing day, the list of nati...
Bitcoin News / Bitcoin.com - 2 years ago
In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-own...
Cryptocoins News / The Cointelegraph - 2 years ago
Six of China’s top banks have tasked their employees with promoting digital yuan wallets to 200 to 300 people a year. Chinese banks have begun a hard sell of digital...
Bitcoin News / Bitcoin.com - 2 years ago
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in th...
Cryptocoins News / The Cointelegraph - 2 years ago
Beijing's rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China. China continues expan...
Cryptocoins News / CoinJournal - 2 years ago
The Bank of France governor& Francois Villeroy de Galhau is the latest official to express his view on Digital Yuan’s impact to the current system
China continues drawing scrutiny and criticism as it develops and tests its Central Bank Digi...
Bitcoin News / Bitcoin.com - 2 years ago
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located...
Cryptocoins News / The Cointelegraph - 2 years ago
The Agricultural Bank of China previously debuted digital yuan ATMs this January. China continues apace with the adoption of its central bank digital currency (CBDC) a...
Bitcoin News / Bitcoin.com - 2 years ago
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and buil...
Cryptocoins News / The Cointelegraph - 2 years ago
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. China is progressing with its central bank digi...
Bitcoin News / Bitcoin.com - 2 years ago
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC&rs...
Bitcoin News / Bitcoin.com - 2 years ago
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method tha...
Bitcoin News / Bitcoin.com - 2 years ago
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed...
Cryptocoins News / The Cointelegraph - 2 years ago
Beijing residents should apply to participate in the lottery until midnight on June 7. The Chinese government is launching another digital yuan lottery to stimulate it...
Cryptocoins News / The Cointelegraph - 2 years ago
Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government. China’s digital yuan will utilize smart contract...
Bitcoin News / Bitcoin.com - 2 years ago
Digital currencies, those issued by central banks in particular, have been commended for their “disruptive nature.” The praise comes from a publication associated with one of Brazil’s far-left parties. A recently published article c...
by COINS NEWS - 2 years ago
Digital Yuan is completely trackable, controllable and reprogrammable by the Chinese government. It will be used the monitor the purchases and wealth of the people. You purchased the wrong book, invested in the wrong Crypto, sent a bigger amount of m...
Bitcoin News / Bitcoin.com - 2 years ago
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens.
Digital...