The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists seeking to use its central bank digital currency.
Hong Kong’s budget revealed the city is expanding its digital yuan pilot testing to allow residents to top up e-CNY wallets through the FPS real-time system.
Scammers are reportedly using fake apps to trick Chinese digital yuan users with promises of dividends before wiping the victims’ accounts clean.
Huawei's HarmonyOS Next will offer "atomicity," a key feature of central bank digital currencies (CBDCs) designed to allow instant settlement between consumers and merchants.
Chinese authorities have confirmed a modernization plan for Shanghai's Pudong New Area, focusing on establishing a new commercial hub and digital yuan experiments.
Other participants include the Shanghai Financial Exchange International Board and the Bank of China (Hong Kong), with participants pledging increased usage of the digital yuan for international transactions.
The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists to utilize cross-border payments with digital currencies in both countries.
The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use cases that aim to improve the payments industry and cross-border transactions.
China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for CBDC compatibility amid market challenges.
Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve as the key to facilitating payment solutions using e-CNY.
China's digital yuan makes its mark in a landmark crude oil transaction, underscoring its growing significance in cross-border trade and international finance.
As the costs of using any technology drop, it becomes easier for criminals to abuse it; just look at crypto and stablecoins, says ex-PBoC’s Zhou Xiaochuan.
