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digital yuan

China extends digital yuan test to Beijing as Shenzhen holds second lottery
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6 January, 2021

China extends digital yuan test to Beijing as Shenzhen holds second lottery

China’s digital currency electronic payment has been in testing phase in locations including Shenzhen, Suzhou, Xiong’an New Area, and Chengdu.
Digital yuan not a replacement for the US dollar: ex-PBoC governor
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17 December, 2020

Digital yuan not a replacement for the US dollar: ex-PBoC governor

China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor...
Suzhou residents make 20,000 digital yuan transactions on Double 12
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16 December, 2020

Suzhou residents make 20,000 digital yuan transactions on Double 12

Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant...
China and Hong Kong working on digital yuan cross-border payments
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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...
China: ‘Embrace blockchain, ignore crypto’
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8 December, 2020

China: ‘Embrace blockchain, ignore crypto’

Authorities in China are pressing individuals and businesses to embrace the potential of blockchain technology while ignoring the role of...
Russia central bank snubs private ruble-pegged stablecoins
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7 December, 2020

Russia central bank snubs private ruble-pegged stablecoins

The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency,...
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