
Digital Yuan
-
15 July, 2023
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...
-
11 July, 2023
DBS Bank floats digital yuan offering for corporate clients in China
DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland...
-
9 July, 2023
China’s Jinan city accepts digital yuan as payment for bus rides
The pilot will run from July 1 until September 30 and is designed to enable administrators to test-run a full-scale...
-
30 June, 2023
Shanghai Clearing House floats digital yuan services for commodity trading
One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...
-
24 June, 2023
Second iteration of cross-border CBDC pilot between China, Hong Kong falters
The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
-
23 May, 2023
China expands digital yuan pilot for SME loans to trigger widespread usage
Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation...