Digital Yuan

Latest Digital Yuan news and analysis from CoinDesk, the leader in crypto journalism. Read in-depth coverage, expert insights, and price updates.

Markets

China’s Central Bank: Here’s the Latest on the Digital Yuan

The People's Bank of China said several important processes in the development of the digital yuan were "almost complete."

By David PanJan 10, 2020

Markets

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

By Paddy BakerDec 23, 2019

Markets

China's Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments.

By David PanNov 26, 2019

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Latest Crypto News

Yesterday

10:13 PM

Neutral

U.S. senators won't be weighing in on prediction markets bets after banning themselves

The Senate agreed unanimously to revise its rules to ban members and their staffs from wagers on prediction markets platforms.

7:30 PM

Positive

From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump

Cathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment.

5:06 PM

Negative

Senator Warren questions Commerce Secretary Lutnick on Tether loan to family

Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.

3:22 PM

Positive

Gemini eyes prediction market challenge to Kalshi, Polymarket, secures derivatives license; shares surge

Tyler and Cameron Winklevoss' crypto exchange now holds licenses allowing it to expand into regulated derivatives and prediction markets, the fastest-growing sectors in crypto.

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