China’s $3 million DC/EP lottery
The city of Suzhou in China will be distributing 20 million yuan ($3 million) of China's central bank digital currency–the DC/EP–via a lottery.
Latest PBoC News
PBoC Governor gives DC/EP update
Peoples Bank of China governor Yi Gang gave several announcements regarding the DC/EP at Hong Kong Fintech week–Yi Gang's reports indicate progress.
Over $160 million sent and received via China’s DC/EP
According to PBOC’s deputy governor, China’s CBDC, the DC/EP, has been used in over 3.13 million transactions with a valuation of roughly $162 million.
China’s central bank pushes for accelerated blockchain integration
China’s PBoC met recently for the first time this year, and blockchain was on the agenda. The deputy governor urged for accelerated blockchain adoption
China’s central bank expands fintech regulation to 6 more cities
The PBoC has expanded its fintech regulation, which was previously only in Beijing, to six more cities as China seeks to become the global fintech hub.
China’s digital yuan to be in use by the 2022 Winter Olympics
After years of speculation, China’s central bank has revealed that its long-awaited digital yuan will be in use during the 2022 Winter Olympics in Beijing.
Third largest Chinese bank launches CBDC test app for select users
Agricultural Bank of China has launched a test app for the PBoC’s digital currency, giving the first real insight into how people will interact with the CBDC.
Hong Kong, Thailand to release joint CBDC report by Q1 2020
Hong Kong and Thailand have been conducting research on a state-backed digital currency, with the report coming by Q1 next year.
Tech experts wanted in China—some to help digital currency push
China is seeking to hire tech experts in its digital currency division as it braces itself to launch the world’s first state-backed crypto.