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China Banks to Carry Out Pilot Testing for Digital Yuan At Shanghai Department Stores

The Bank of Communications and China Construction Bank have reportedly carried out digital yuan pilot testing at two big Shanghai-based department stores. Specifically, the trials were reportedly...

| Mar 26, 2021 15:10

20,000 Transactions Carried Out In Pilot Testing For China’s Digital Yuan

Chinese citizens have reportedly carried out approximately 20,000 transactions via e-commerce firm JD.com, during a pilot phase of the nation’s digital yuan. Specifically, JD.com reportedly...

| Dec 22, 2020 14:29

PBoC and Hong Kong Conducted Initial Discussion on Using Digital Yuan Trial for Cross-border Payment

China’s central bank and the Hong Kong Monetary Authority (HKMA) are reportedly conducting Preliminary discussions, in a bid to initiate the piloting phase for the digital yuan in Hong Kong. ...

| Dec 13, 2020 07:30

China’s Digital Yuan Pilots Finalized $300M in Transaction Up to Now, Disclosed by PBoC Governor

China’s digital yuan pilot project is accelerating, with the processing for a $300M fund has reportedly been completed, per insights disclosed by the governor of China’s central bank. ...

| Nov 04, 2020 09:37

China’s Central Bank Established Regulatory Framework for Its CBDC

China’s central bank – the People’s Bank of China (PBOC) – reportedly released a draft bill, aimed at establishing a regulatory framework and legitimacy, for the nation’s anticipated...

| Oct 27, 2020 14:32

Shenzhen Carries Out 10 Million Digital Yuan Giveaway to Promote Chinese CBDC

The major Chinese city of Shenzhen is reportedly planning to carry out a giveaway for $1.5 million equivalent of digital yuan, via a pilot project, in an attempt to promote the nation’s CBDC. ...

| Oct 11, 2020 10:10

China’s State-owned Banks to Run Testing Phase For Wallet Supporting Digital Yuan

Numerous China-based, state-owned commercial banks are reportedly running a large-scale, global testing phase of a wallet for the nation’s upcoming digital yuan. Specifically, the banks are...

| Sep 02, 2020 11:51