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People’s Bank of China

China doubles down on digital yuan adoption with new payment scheme

Wahid Pessarlay

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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...

China’s new powerful financial regulator could deal a big blow to digital assets

Steve Kaaru

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14 March, 2023

China’s new powerful financial regulator could deal a big blow to digital assets

The Chinese government wants to consolidate three top insurance and financial regulators into one powerful entity that would also take...

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

Wahid Pessarlay

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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...

China’s digital yuan deployed in securities trade for the first time

Wahid Pessarlay

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20 January, 2023

China’s digital yuan deployed in securities trade for the first time

Soochow Securities has become the first Chinese firm to use the digital yuan in securities trading and providing technical and...

People’s Bank of China currency report now includes digital yuan

Wahid Pessarlay

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16 January, 2023

People’s Bank of China currency report now includes digital yuan

Including digital yuan data in the final report is a clear statement of intent by the PBoC to move with...

China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition

Wahid Pessarlay

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2 January, 2023

China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition

To boost CBDC wallet adoption and keep up with the payments industry, the PBoC digitally incorporated China's age-old tradition of...

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