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Shenzhen

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
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20 August, 2021

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms

The Shenzhen branch of the central bank published plans stating that it would bring some 11 companies into line with...
Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption
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14 October, 2020

China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption

Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
Beijing ranks first among blockchain cities in China
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20 September, 2020

Beijing ranks first among blockchain cities in China

Beijing has been named as the top blockchain city in the 2020 Chinese Blockchain Innovation rankings.
Beijing implements blockchain invoicing for enhanced transparency
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7 March, 2020

Beijing implements blockchain invoicing for enhanced transparency

Beijing has joined Shenzhen in implementing blockchain invoicing as it seeks to increase transparency, reduce the associated costs and increase...
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