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Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency

Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital CurrencyThe Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank, the People’s Bank of China (PBOC), continues to test its central […]

What is Operation Choke Point 2.0? Trump vows to end it

China Offers Medics Digital Yuan Insurance Policy for Covid-19

China Offers Medics Digital Yuan Insurance Policy for Covid-19China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella. Ping An Teams Up With Bank […]

What is Operation Choke Point 2.0? Trump vows to end it

China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

China Has Dispersed Over  Million of Digital Yuan in Red Envelopes, Report RevealsChina, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in […]

What is Operation Choke Point 2.0? Trump vows to end it