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digital yuan

Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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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...
China expands digital yuan pilot for SME loans to trigger widespread usage
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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...
Fuzhou lures Web3 firms with incentives to set up shop in the city
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20 May, 2023

Fuzhou lures Web3 firms with incentives to set up shop in the city

After baring its metaverse ambitions, China is now focusing on fortifying its Web3 ecosystem, with Fuzhou leading the way by...
France’s BNP Paribas partners with Bank of China to promote digital yuan usage
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11 May, 2023

France’s BNP Paribas partners with Bank of China to promote digital yuan usage

A digital management system for corporate clients will encourage "efficient and real-time" adoption of China's CBDC, according to a statement...
China moves forward with CBDC cross-border payment experiments
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28 April, 2023

China moves forward with CBDC cross-border payment experiments

As downloads and usage of digital yuan wane, China bares new plans to promote its CBDC by using it in...
China doubles down on digital yuan adoption with new payment scheme
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26 April, 2023

China doubles down on digital yuan adoption with new payment scheme

The Chinese city of Changshu is shaping itself as a model for CBDC adoption as it introduces a new payment...
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