2023-7-11 14:56 |
China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency. origin »
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Chinese digital currency-related stocks recorded gains on Monday, despite a muted general market sentiment, as China pushes the e-yuan. The post Chinese Stocks Soar Following the Launch of the Digital Yuan appeared first on BeInCrypto.
Coinspeaker China Distributes CBDC during Lunar New Year Holidays to Enhance Adoption Apart from the Lunar New Year activities, the Chinese government has been taking steps to improve the use of its CBDC.
CCP officials want to see the e-CNY surpass $300 billion in transactions in 2023 through promotional efforts.
The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The post First Digital Yuan Land Transfer Executed in Chinese Province of Fujian appeared first on BeInCrypto.
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
The city has about 18 million residents in its prefecture-level area.