China’s retail giant JD.com pays employees with digital yuan
JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with the digital currency.
Latest digital yuan News
CBDC development is accelerating, but China isn’t winning the race: PwC report
PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Digital yuan ‘no threat to US dollar, Bank of Japan official says
A senior executive at the Bank of Japan has said China’s forthcoming digital currency does not pose a threat to the status of the U.S. dollar as the global reserve currency.
Macau steps closer to digital yuan use in casinos
Macau’s Chief Executive Ho Iat Seng informed the Legislative Assembly of plans to “study the feasibility of issuing a digital currency.”
Digital yuan pilot moves to southern Hainan province
In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the Sansha city municipal government.
Chinese banks open for digital yuan wallet applications
The move is being seen as a widening of the scope of trials of the digital currency, following successful regional pilots across the country.
China’s digital yuan will be private but not anonymous: CBDC lead
The controllable anonymity will protect the central bank digital currency against criminal use and ensure the bank can track all payments the users make, according to a central bank official.
First set of local retailers in Shanghai accept digital yuan payments
As local outlets report, China is accelerating its rollout as it readies the digital currency for use during the Winter Olympics in Beijing in 2022.
New Chinese law further prohibits ICOs: report
With its new decree, the government is further seeking to stamp out cryptocurrency token sales completely, according to local reports.
The CoinGeek Pulse Episode 31: Tesla buys BTC, China digital red packets for Lunar New Year and blockchain powers recycling
This week’s top story on CoinGeek Pulse is Tesla’s recent announcement that it bought US$1.5 billion dollars’ worth of BTC.
Digital yuan rolls on as new tests announced in China
China’s plans for a central bank digital currency have taken further steps forward, with the roll out of fresh real-world trials.
China’s latest CBDC airdrop
The Chinese city of Suzhou has announced that it will be holding a $5 million airdrop of China's central bank digital currency the DC/EP.