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digital yuan

China’s digital yuan wallet launches on app stores for 11 select cities
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6 January, 2022

China’s digital yuan wallet launches on app stores for 11 select cities

The wallet is available for users in Shenzhen, Shanghai, Chengdu, Qingdao, Suzhou and six other cities, as well as those...
China links digital yuan to Hong Kong’s Faster Payments System in second CBDC trial phase
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14 December, 2021

China links digital yuan to Hong Kong’s Faster Payments System in second CBDC trial phase

China has embarked on the second phase of its cross-border central bank digital currency research with Hong Kong, and it...
China releases new digital yuan coupons ahead of 2022 Olympics
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10 December, 2021

China releases new digital yuan coupons ahead of 2022 Olympics

Four state-owned banks issued a new batch of digital yuan coupons in Beijing, which officials said can be used for...
Chinese police crack down on digital yuan fraud ring
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18 November, 2021

Chinese police crack down on digital yuan fraud ring

Local authorities received a report from a woman who claimed she had been defrauded through a well-orchestrated digital yuan scam.
PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions
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9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...
China urges US companies to accept digital yuan
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27 October, 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports...
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