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Digital Yuan
People’s Bank of China to use digital yuan for retail CBDC transactions
As digital renminbi uses the latest network and mobile payment technology, the director of the Digital Currency Research Institute of...
China Digital Yuan usage dominated by enterprise and business
As China’s data shows, businesses and governments are interested in digital currencies, so focusing on legal compliance and enterprise usage...
Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores
The move, which began on July 18, follows the launch of a digital yuan shopping festival organized by the Bank...
China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs
Shanghai’s plans target the development of key sectors, the protection of the environment, and improving the management of operations using...
China eyes cross-border trade with Singapore as CBDC nears $250B transactions
Apart from integrating a new wave of cross-border functionalities in its digital yuan, China is looking to drive adoption rates...
Bank of China tests digital yuan SIM card payments using NFC technology
Aside from the CBDC functionality, the Bank of China stated that the SIM cards may support several applications, including access...
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