Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
“This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy. Go to Source Powered by WPeMatico
Yuan
Auto Added by WPeMatico
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. Go to Source Powered by WPeMatico
COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report
Restricting the number of spectators at the major international sporting event will “likely further delay the mass adoption of the digital currency,” according to the Foundation for Defense of Democracies’ Craig Singleton. Go to Source Powered by WPeMatico
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and … Read more
CBDC wallet tops mobile app store charts in China
The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. Go to Source Powered by WPeMatico
Major payments app WeChat to add support for China’s digital yuan
While WeChat isn’t as popular outside of China as WhatsApp, it is ubiquitous on the mainland. Go to Source Powered by WPeMatico
China’s central bank releases pilot version of digital yuan wallet
The “e-CNY (Pilot Version)” app was made available for download on the Chinese Android and Apple app stores on Tuesday. Go to Source Powered by WPeMatico
Over 140 million people have digital yuan accounts, says PBoC head
China’s CBDC hit 62 billion yuan in total transactions processed, according to PBoC’s digital currency head. Go to Source Powered by WPeMatico
New decentralized stablecoin in China targets international trade
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan. Go to Source Powered by WPeMatico
Chinese banks explore e-yuan for selling investment funds and insurance
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens. Go to Source Powered by WPeMatico
