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Digital Yuan

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.
China’s 2nd largest bank briefly launches CBDC wallet—then disables it
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2 September, 2020

China’s 2nd largest bank briefly launches CBDC wallet—then disables it

The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access...
China digital yuan catering to small retail transactions
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27 August, 2020

China digital yuan catering to small retail transactions

The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Digital yuan to be tested by Tencent-backed firms in China
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17 July, 2020

Digital yuan to be tested by Tencent-backed firms in China

The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across...
China’s ride-hailing service DiDi signs on to pilot digital yuan
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11 July, 2020

China’s ride-hailing service DiDi signs on to pilot digital yuan

DiDi has entered into a strategic partnership with the People’s Bank of China’s Digital Currency Research Institute to solidify the...
PBoC governor confirms ‘no timetable’ for digital yuan
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29 May, 2020

PBoC governor confirms ‘no timetable’ for digital yuan

Yi Gang, head of the Chinese central bank, said there was no date for an official launch yet for the...
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