China

Huawei new smartphone comes with digital yuan wallet
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5 November, 2020

Huawei new smartphone comes with digital yuan wallet

Huawei’s latest range of smartphones will allow its users to store, send and receive China’s central bank digital currency.
Xi Jinping urges China to lead in digital currency regulation
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4 November, 2020

Xi Jinping urges China to lead in digital currency regulation

Xi Jinping’s pro-blockchain stance has played a big part in China’s move to become a global blockchain hub.
Operators of $1B Ponzi scheme WoToken sentenced to 9 years in prison
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4 November, 2020

Operators of $1B Ponzi scheme WoToken sentenced to 9 years in prison

A Chinese court has also ordered law enforcement agencies to seize $63.6 million worth of ill-gotten gains from the WoToken...
PBoC Governor gives DC/EP update
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2 November, 2020

PBoC Governor gives DC/EP update

During Hong Kong Fintech Week, People’s Bank of China (PBoC) governor Yi Gang gave several updates on the digital yuan

Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
China’s new draft law seeks to legalize digital yuan but ban competitors
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29 October, 2020

China’s new draft law seeks to legalize digital yuan but ban competitors

In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its...
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