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Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank SaysSpending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas. People’s Bank of China Reports 360 Million Digital […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Settlements With China — Russia Plans Next Step for Digital Ruble

Settlements With China — Russia Plans Next Step for Digital RubleRussia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war. Russian Federation Eyes Digital Ruble […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

China to Expand Digital Yuan Testing in Pilot Cities to Provincial LevelChina’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Central Bank of China Calls for Increasing Use of Digital Yuan

Central Bank of China Calls for Increasing Use of Digital YuanThe People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

China to Crack Down on Copyright Infringement Through NFTs

China to Crack Down on Copyright Infringement Through NFTsAuthorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou BusesAuthorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors of Another 2 Chinese Cities to Pay Transit […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading RestrictionsChina’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

Wechat to Prohibit Accounts From Providing Some NFT and Crypto ServicesTencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

China’s Central Bank Digital Currency Now Has 261 Million Users — $14 Billion in Digital Yuan Transactions Made

China’s Central Bank Digital Currency Now Has 261 Million Users —  Billion in Digital Yuan Transactions MadeChina’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million merchants now accept e-CNY. China’s Central Bank Digital Currency Growing […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Digital Yuan Wallet Ranks Among Most Downloaded Apps in China

Digital Yuan Wallet Ranks Among Most Downloaded Apps in ChinaThe new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and […]

Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential