Chinese e-commerce company JD.com has upped its support for the country’s central bank digital currency.
Top Chinese banks promote CBDC over local payment firms for shopping festival
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong.
China Leads Africa’s Digital Currency Race
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.
What Is a CBDC?
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
Central bank digital currencies can have broad implications for the global balance of power, experts say.
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
The promotion is part of China’s efforts to try out out and stimulate usage of its new digital currency.
China’s Digital Currency May Come With Hardware Wallets as Well
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention
China Construction Bank had quietly opened up the wallet service of China’s digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.
Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
A former vice president of the Bank of China has argued that digital currency should replace fiat in the nation’s financial systems.
Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report
Starbucks and McDonald’s are among the restaurants and retail shops reportedly to be testing China’s central bank digital currency.
Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency
The Agricultural Bank of China has rolled out an internal test interface for the nation’s central bank digital currency, allowing whitelisted users to register and trialing certain functions.
China’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report
The People’s Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.
