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