Digital Yuan

Digital Yuan

Tech

First Users Not Impressed by China's Digital Yuan: Report

A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

Shenzhen store

Policy

Nearly 2 Million Sign Up for China's Digital Yuan 'Lottery'

Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.

Yuan

Policy

China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official

Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.

People's Bank of China Deputy Governor Chen Yulu

Policy

China's Central Bank, Major City to Hand Out $1.5M in Digital Yuan

A local report suggests the pilot is an indication the digital yuan is close to being launched.

Chinese red envelopes

Policy

JD.com to Build Apps for China's Digital Yuan Project: Report

The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.

yuan bundles

Policy

China Sees Advantages in Being First on New Digital Currency 'Battlefield'

The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)

People's Bank of China's headquarters in Beijing

Policy

China's Digital Currency May Come With Hardware Wallets as Well

China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.

China Construction Bank

Markets

Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention

China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.

China Construction Bank

Policy

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.

People's Bank of China's headquarters in Beijing

Tech

China to Launch Major Expansion of Digital Currency Trials

China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong.

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