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Major State-Owned Banks Promote Digital Yuan Over Alipay and Wechat Pay

Six leading Chinese banks are promoting the digital yuan as a better alternative to existing major payment providers WeChat Pay and Alipay, ahead of an upcoming shopping festival. Banks Push for Digital Yuan Usage for Shopping Festival According to Reuters on Monday (April 26, 2021), China’s major state-owned banks are pushing the use of theRead More дальше »

2021-4-26 23:00


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China Could Test Digital Yuan With Foreigners at 2022 Winter Olympics

A top executive of the People’s Bank of China (PBOC) revealed that it was planning to test its proposed digital yuan with foreigners at the upcoming 2022 Winter Olympics in Beijing.  International Trial for Digital Yuan According to CNBC on Sunday (April 18, 2021), Li Bo, deputy governor of the PBOC said that international visitorsRead More дальше »

2021-4-20 06:01


China Is Expanding Its Digital Yuan Trials to Include More Cities

Leading the race of central bank digital currency (CBDC), China's central bank has already tested the digital yuan in several cities, including Shenzhen, Chengdu, Suzhou, and Xiong'an. Still, there is no specific timeline for the CBDC’s official rollout, said central bank vice governor Li Bo in an annual gathering on Sunday of top Chinese and […] The post China Is Expanding Its Digital Yuan Trials to Include More Cities first appeared on BitcoinExchangeGuide. дальше »

2021-4-20 16:28


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US Government Concerned China’s Digital Yuan Could Threaten Dollar as the World’s Dominant Reserve Currency

The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US […] дальше »

2021-4-14 19:15


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Hainan Province to Conduct Digital Yuan Campaign This April

Hainan, an island province in South China would carry out a campaign to raise awareness and promote the benefits of using the forthcoming digital yuan, later in April. The campaign follows China’s efforts to expand the scope of its central bank digital currency (CBDC) trials across different parts of the country. Digital Yuan Campaign inRead More дальше »

2021-4-9 15:00


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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because […] дальше »

2021-4-9 10:30


China’s Central Bank Runs a Cross-Border Trial of Digital Yuan

According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide. дальше »

2021-4-6 19:41