11-21-2024
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digital yuan

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...
Hong Kong finance chief open to collaboration on digital yuan
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28 October, 2020

Hong Kong finance chief open to collaboration on digital yuan

The Hong Kong government is reportedly exploring working with Chinese authorities to incorporate the digital yuan in wholesale and cross-border...
Chinese consumers spend 8.8 million in digital yuan trial
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26 October, 2020

Chinese consumers spend 8.8 million in digital yuan trial

Equivalent to around $1.3 million in spend, Shenzhen residents reportedly turn to the as-yet-unreleased digital currency for payments in a...
McDonald’s and Starbucks not participating in digital yuan testing: report
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17 October, 2020

McDonald’s and Starbucks not participating in digital yuan testing: report

The American fast food giants were previously thought to have been among the 3,000 firms taking part in trials of...
The CoinGeek Pulse: Episode 16
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16 October, 2020

The CoinGeek Pulse: Episode 16

In this week’s CoinGeek Pulse, Shenzhen residents receive digital yuan in People’s Bank of China’s red packet giveaway, G20 wants...
China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption
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14 October, 2020

China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption

Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
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