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Digital Yuan

China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
China’s digital yuan used for crude oil deal: report
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3 November, 2023

China’s digital yuan used for crude oil deal: report

China's digital yuan makes its mark in a landmark crude oil transaction, underscoring its growing significance in cross-border trade and...
China must prevent the use of digital yuan in crime: former central bank governor
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17 October, 2023

China must prevent the use of digital yuan in crime: former central bank governor

As the costs of using any technology drop, it becomes easier for criminals to abuse it; just look at crypto...
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