Digital yuan campaign planned for contested island in the South China Sea
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan. Go to Source Powered by WPeMatico
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China’s digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. Go to Source Powered by WPeMatico
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
China’s blockchain ambitions set in stone after mention in national five-year plan
China’s latest five-year plan mentions blockchain technology specifically and signals an increasing focus on the research of emerging technologies. Go to Source Powered by WPeMatico
Ant-backed MYbank to help China expand digital yuan trial
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. Go to Source Powered by WPeMatico
Chinese cities continue to promote digital yuan through festive lotteries
The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Go to Source Powered by WPeMatico
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon. Instead, he envisions these alternatives becoming … Read more
Bank of France settles $2.4M fund in central bank digital currency pilot
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology. Go to Source Powered by WPeMatico
China turns up pace on CBDC release, tests infrastructure prior to adoption
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond. Go to Source Powered by WPeMatico
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. Go to Source Powered by WPeMatico
