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China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

China’s Digital Currency Used in Transactions Worth  Billion, 140 Million People Have Digital Yuan WalletsChina’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about 140 million people. Digital Yuan’s Adoption Rises, Nearly $10 Billion Transacted […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims ReportWith digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg, residents in Shenzhen, the Chinese analog to Silicon Valley, have shown little interest […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned BanksFollowing the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will participate in the process. Beijing and Shanghai Residents Can Apply […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official

Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says OfficialPrivacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid Tax Evasion and Finance Terrorism During an […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces