JD.com partners with local bank for digital yuan giveaway
JD.com has teamed up with the Bank of Communications to give away $2.5 million in a lottery for the second time as the launch of digital yuan nears.
Latest digital yuan News
The CoinGeek Pulse Episode 57: China tech sector crackdown continues, Ethereum congestion forces King Tiger Casino shutdown, 2GB block mined on BSV
As part of its goal to become the world’s “tech superpower,” China’s central government is intensifying the crackdown on technology sectors.
Beijing underground rolls out full integration of CBDC for payments
The city’s railway announced last week that the digital yuan, or e-CNY, would be available immediately at 428 stations across its 24 lines, in a significant upgrade to the scope and scale of the pilot scheme.
China rolls out digital yuan for subway payments in Beijing, Suzhou
The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be able to pay for subway fares in e-CNY across all local routes.
The CoinGeek Pulse Episode 49: China intensifies crackdown as US ‘hubs’ to the rescue, and Centbee Minit Money joins sandbox
In the wake of testing its central bank backed digital currency in different cities, China intensifies crackdown on block reward mining operations and digital currency transactions.
China central bank orders banks to cut off all digital currency OTC merchants
China’s central bank has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital currency trading merchants.
Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments
While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with local and global bodies in its CBDC research.
China giving away $6 million in Beijing digital yuan test
The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each containing 200 digital yuan (around $31).
Alipay to enable test of digital yuan
The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is also majority owned by Ant Group.
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.
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.