Beijing subway now accepts digital yuan
Beijing’s rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China. Go to Source Powered by WPeMatico
People’s Bank of China
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Banks fall in line as China’s central bank cracks down on crypto accounts
AgBank — the world’s third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities. Go to Source Powered by WPeMatico
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Agricultural Bank of China previously debuted digital yuan ATMs this January. Go to Source Powered by WPeMatico
Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures. Go to Source Powered by WPeMatico
China debuts blockchain-based digital yuan salary payments in Xiong’an
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. Go to Source Powered by WPeMatico
3 good reasons why $30,000 is probably the bottom for Bitcoin
Regulatory concerns, a bit of FUD and the uncertainties surrounding Tether appear to have exaggerated the Bitcoin price sell-off but derivatives data suggest that the bottom is likely in. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, … Read more
Rolling up the sleeves: China’s tech giants drive digital yuan adoption
CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard. Go to Source Powered by WPeMatico
Ant Group highlights private sector’s role in developing digital yuan
Major tech and commerce firms have been instrumental in helping China’s central bank develop the digital yuan. Go to Source Powered by WPeMatico
