Поделиться этой статьей
PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale
The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency.
Автор Daniel Palmer
China's central bank has apparently played down rumors of a property transaction settled with its in-the-works digital currency, saying that current tests only involve small transactions.
STORY CONTINUES BELOW
- According to a report from Chinese news source Global Times on Monday, internet users had suggested a house sale had been conducted in the major city of Shenzhen.
- The seller had apparently been paid with a large amount of the digital currency being developed by the People's Bank of China, but had not been successful in converting it into the traditional version of the currency.
- Later, an employee at the central bank reportedly told news source Sina that trials of the digital currency are currently solely focused on smaller retail transactions and that scenarios involving larger-sized transactions are not yet being addressed.
- The digital money is legal tender equivalent to fiat-based yuan and is 1:1 exchangeable with cash, they added.
- The central bank digital currency (CBDC) is currently being trialed across a number of regions, with an expansion into cities like Hong Kong also announced in the last two weeks.
- As well as banks, the CBDC is soon to be tested at companies including several within the Tencent group.
Also read: Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. CFTC's Pham Moves for Do-Over on 'Actual Delivery' Guidance on Crypto
In what are likely her final days at the agency, the acting chairman checked another box from President Donald Trump's crypto agenda.
What to know:
- One of the leading U.S. regulators for crypto activity, the Commodity Futures Trading Commission, has scrapped its earlier definition for how assets change hands in a crypto commodities transaction.
- Acting Chairman Caroline Pham said the earlier guidance on "actual delivery" was withdrawn as part of President Donald Trump's efforts to create friendly crypto policies.
Top Stories
