China Issues $600M in On-Chain Digital Yuan Bonds, Signaling Blockchain Shift
TL;DR China’s Huaxia Bank launched commercial bonds worth over $637 million on a blockchain network. The bonds could only be purchased using the digital yuan (e-CNY),
Digital Yuan (Latest Publications)
China Projects the Idea of an Asian Digital Currency to Reduce Reliance on the US Dollar
Researchers from the think tank in China have proposed the idea to introduce an Asia-wide digital currency in the future. The idea was proposed by China
Chinese CBDC Transaction Volume Breaches $14B Mark: Report
The Chinese Central Bank Digital Currency (CBDC), e-CNY, has become the largest adopted CBDC in the world surpassing nearly $14 billion, or 100.04 billion yuan transactions
Australian Senator Releases Draft Bill to Regulate China’s Digital Yuan
Australian Liberal Senator, Andrew Bragg, has released a new bill regulating crypto exchanges and stablecoins. The bill also proposes to introduce disclosure requirements for facilitators of the
U.S. Bill To Outlaw App Stores From Accepting Digital Yuan Amid Fears Of Snooping
Amid fears the payment system could allow Beijing to spy on Americans, three Republican Senators introduced a bill that would stop U.S. app stores including Google
Shenzhen Will Give Away 15 Million Digital Yuan to Local Residents via WeChat Raffle
In a move to further promote CBDC, the Chinese government has announced plans to give citizens of Shenzhen digital yuan. A district in Shenzhen’s Futian district
PBoC May Soften Its Stance on Crypto Assets as It Calls Bitcoin an Investment Alternative
It seems that China is now softening its stance on crypto assets as Li Bo, deputy governor of the People’s Bank of China (PBOC), has called Bitcoin and other crypto-assets investment alternatives, not currencies.
20,000 Transactions during a Digital Yuan Trial Event
The Chinese conducted about 20,000 transactions of Digital Yuan, China’s new digital currency, on eCommerce platform JD.com on the Double 12 event on Friday during a real-world trial of Digital Yuan.
The PBoC Processed 4 Million Transactions With Digital Yuan
The People’s Bank of China (PBoC) reached 4 million transactions so far with its digital yuan, reports Bloomberg. The digital yuan is a Central Bank Digital
People’s Bank of China reveals Digital Yuan as mandatory, to be treated like cash
The People’s Bank of China (PBOC) revealed today that the new digital yuan will be mandatory to deal with and that it will be regulated like
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