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Digital Yuan

Chinese municipal bank issues first digital yuan loan holding IP as collateral
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9 August, 2022

Chinese municipal bank issues first digital yuan loan holding IP as collateral

The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by...
PBoC to onboard more provinces and cities to China’s CBDC platform
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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...
Shenzhen gives away free 30M digital yuan to attract consumer spending
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3 June, 2022

Shenzhen gives away free 30M digital yuan to attract consumer spending

The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement...
US senators propose to bar apps supporting digital yuan payments from app stores
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31 May, 2022

US senators propose to bar apps supporting digital yuan payments from app stores

U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital...
China trials tax and charge payments with digital yuan
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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...
China doubles digital yuan pilots as it targets upcoming Asian Games
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12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...
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