Bitcoin News / Bitcoin.com - 1 year ago
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the C...
Bitcoin News / Bitcoin.com - 1 year ago
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies a...
Bitcoin News / Bitcoin.com - 1 year ago
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin...
Cryptocoins News / Blockchain - 1 year ago
KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan. The investment arm of major cryptocurr...
Bitcoin News / Google News Bitcoin - 1 year ago
China's Wechat Adds Support for Digital Yuan Payments – Fintech ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the Peop...
Cryptocoins News / Blockchain - 1 year ago
WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)
Bitcoin News / Bitcoinist - 1 year ago
WeChat, a popular app in China, has integrated the digital Yuan into the platform. The aim is to make payments faster and seamless for the app users. Apart from WeChat, another payment app in China, Alipay also supports the digital Yuan. The increas...
Cryptocoins News / The Cointelegraph - 1 year ago
Chinese social media platform WeChat has incorporated the digital yuan in its payment app to boost the CBDC’s popularity. WeChat, China’s leading social networking and...
Cryptocoins News / The Cointelegraph - 1 year ago
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network. Moscow Credit Bank has issued a blockchai...
Bitcoin News / Bitcoin.com - 1 year ago
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payment...
Bitcoin News / Google News Bitcoin - 1 year ago
Russian Bank Issues Bank Guarantee in Chinese Yuan Using ...& & Bitcoin News
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 / Blockchain - 1 year ago
In 2022, the e-CNY processed $50.5 billion in municipal transactions. (Read More)
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...
