Digital Yuan

China Looking To Expand Range of Digital Yuan Amid Potential Monopoly of US Dollar-Pegged Stablecoins: Report

March 23, 2025 The Daily Hodl

China

The deputy director of China’s National Laboratory of Finance and Development reportedly says that the country should expand the scope of its digital yuan amid President Trump’s embrace of cryptocurrencies.  In an opinion piece posted on the official Chinese publication the Study Times, Zhang Ming says that stablecoins anchored to the US dollar dominate the […]

The post China Looking To Expand Range of Digital Yuan Amid Potential Monopoly of US Dollar-Pegged Stablecoins: Report appeared first on The Daily Hodl.

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?

October 30, 2024 Bitcoin.com

BIS

While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use It for Circumventing Sanctions The Bank for International Settlements (BIS) is […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

October 19, 2024 Bitcoin.com

Alexandra Prokopenko

A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

September 11, 2024 Bitcoin.com

Bank for International Settlements

China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

China and Kazakhstan Sign CBDC Collaboration Agreement

July 13, 2024 Bitcoin.com

bitcoin.com

The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

June 25, 2024 Bitcoin.com

bitcoin.com

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

Chinese Gang Arrested for Exploiting Digital Yuan

June 15, 2024 Bitcoin.com

bitcoin.com

In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

HSBC China Introduces Digital Yuan Services for Corporate Clients

June 11, 2024 Bitcoin.com

Bitcoin

HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

China’s Industrial Bank rewards digital yuan spending with carbon credits

May 28, 2024 The Crypto Briefing

CBDC

Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY ecosystem.

The post China’s Industrial Bank rewards digital yuan spending with carbon credits appeared first on Crypto Briefing.

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?

China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally

May 17, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global linkage of a faster payment […]

Read more

Crypto’s Existential Crisis: Can Decentralization and Regulation Coexist?