People’s Bank of China

China expands CBDC testing to 4 new provinces as adoption rates skyrocket
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24 September, 2022

China expands CBDC testing to 4 new provinces as adoption rates skyrocket

China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC,...
In China, cities start piloting e-CNY payment in public transport systems
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27 August, 2022

In China, cities start piloting e-CNY payment in public transport systems

China's CBDC adoption is moving ahead as planned, with several cities testing a new electronic payment method that lets users...
PBoC to onboard more provinces and cities to China’s CBDC platform
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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...
China trials tax and charge payments with digital yuan
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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...
China doubles digital yuan pilots as it targets upcoming Asian Games
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12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...
China central banker urges for regulatory changes to accommodate digital yuan
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11 March, 2022

China central banker urges for regulatory changes to accommodate digital yuan

An official from Nanjing city wants the law amended to clarify the digital yuan’s position in the payment system, including...