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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
The Agricultural Bank of China previously debuted digital yuan ATMs this January. Go to Source Powered by WPeMatico
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 reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. Go to Source Powered by WPeMatico
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
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
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
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
Major tech and commerce firms have been instrumental in helping China’s central bank develop the digital yuan. Go to Source Powered by WPeMatico
It’s not entirely clear when Terence Zeng assumed his leadership role, though the appointment appears to have been recent. Go to Source Powered by WPeMatico
