Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay.
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
It’s unclear what the new group’s mission will be, though People’s Bank of China employees working on its digital currency efforts will be involved.
Geopolitics at Stake in US Response to China’s Digital Yuan: Report
From privacy to political power, China’s digital yuan will have far-reaching implications.
Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021
The wider effort to promote the digital currency precedes a launch in the “near future,” per a state media report.
Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M-Worth in Prize Draw
Being held as a public pilot of the central bank digital currency, lottery entrants can apply to win 200 digital yuan each.
Chinese Bank Trials Digital Yuan Services at ATMs: Report
Trials of China’s central bank digital currency continue, with ATMs now starting to be used in Shenzhen.
Shenzhen to Double Digital Yuan Giveaway in China’s Latest Lottery Test
The latest digital currency giveaway is aimed to gauge user experience ahead of an expected launch.
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
“We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People’s Bank of China.
3 Chinese E-Commerce Giants Join China’s Latest Digital Yuan Lottery Trial: Report
Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.
Zhou Xiaochuan: The Father of the Digital Yuan
“The PBOC that is not criticized by the public will not withstand the test of history,” the current head of the central bank says. Zhou Xiaochuan’s legacy – the digital yuan – was sidelined, until it became necessary,.
Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.
JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery
Chinese e-commerce firm JD.Com says it’s become the first online platform to accept the nation’s central bank digital currency.
China to Hold Second Lottery Trial of the Digital Yuan
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital
The discussion of China’s digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.
PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M
The governor of the People’s Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
Huawei’s Mate 40 Phone to Ship With Digital Yuan Wallet
The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China’s central bank digital currency.
Hong Kong ‘Exploring’ Collaboration With China on Digital Yuan: Finance Chief
A cross-boundary digital yuan could bring Hong Kong closer to the Mainland, Hui said.
First Users Not So Impressed by China’s Digital Yuan: Report
A recent giveaway of China’s in-testing central bank digital currency has reportedly left recipients wondering why they should swap from existing solutions like Alipay.
Nearly 2 Million Sign Up for China’s Digital Yuan ‘Lottery’
Around 50,000 digital “red envelopes,” reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.
China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure.