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 / CoinJournal - 1 year ago
San Francisco, United States, 15th December, 2022, Chainwire
We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stablecoin pegged to Offshore Chinese Yuan (CNH) at 1:1. TCNH will be deployed on one of...
Bitcoin News / Bitcoin.com - 1 year ago
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the is...
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...
Bitcoin News / Bitcoin.com - 1 year ago
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the...
Bitcoin News / Bitcoinist - 1 year ago
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar.
USD is unquestionably the most widely used international currency. The International Monetary Po...
Cryptocoins News / Blockchain - 1 year ago
The Chinese Central Bank Digital Currency (CBDC) also known as the e-CNY has hit close to $14 billion (100.04 billion Yuan) from 360 million transactions as it gains widespread acceptance in country (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions...
Cryptocoins News / The Cointelegraph - 1 year ago
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business. Rese...
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
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have...
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...
Bitcoin News / Bitcoin.com - 1 year ago
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against...
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...