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Digital Yuan

China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption
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25 November, 2020

China’s Xi Jinping urges G20 to lay groundwork for CBDC adoption

China’s President Xi Jinping has called on G20 leaders to lay the groundwork for central bank digital currencies adoption by...
China to develop new CBDC test zone in Beijing
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14 November, 2020

China to develop new CBDC test zone in Beijing

The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in...
Huawei new smartphone comes with digital yuan wallet
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5 November, 2020

Huawei new smartphone comes with digital yuan wallet

Huawei’s latest range of smartphones will allow its users to store, send and receive China’s central bank digital currency.
Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
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...
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