Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space.
Bitcoin surge could be driving digital yuan interest, says People’s Bank of China
The central bank says strong interest in its CBDC project is partly being driven by Bitcoin’s recent surge, despite cryptocurrency still being banned in China.
Our Man in Shanghai: Filecoin the talk of the town, Polkadot and NFTs gain attention
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 digital yuan os backup to AliPay and WeChat Pay, says official
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.
China, Singapore Look Ahead to CBDC Future at World Economic Forum
A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.
China’s Central Bank, Major City to Hand Out $1.5M in Digital Yuan
A local report suggests the pilot is an indication that the digital yuan is close to being launched.
JD.com to Build Apps for China’s Digital Yuan Project: Report
The Chinese e-commerce giant has reportedly agreed to help the nation’s central bank develop infrastructure including a wallet for its cash-equivalent digital currency.
PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale
The People’s Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency.
China to Launch Major Expansion of Digital Currency Trials
China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong.
Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.
China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says
The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.
CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway
Get your Fourth Industrial Revolution hardhats on. CoinDesk is at Davos to guide you through all things blockchain and crypto at this yearly confab of global leaders and their hangers-on.
Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official
PBOC wants to distinguish its own digital currency from rival private initiatives.
China’s Digital Currency Will Be Two-Tiered, Replace Cash: Binance
Binance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking.
PBoC’s Fintech Research Institute Is Hiring Blockchain Experts
A research institute under the Chinese central bank has just announced 29 job openings – three of which focus on blockchain-related expertise.
PBoC Looks to Tackle Airdrop Tokens Market in New Clampdown
The People’s Bank of China, the country’s central bank, is looking to clamp down on airdrops – free distributions of crypto tokens.
What Ban? China’s Crypto Exchanges Didn’t Just Survive – They’re Thriving
Months after China’s government shut down domestic order book exchanges, the platforms that originally offered them are finding new ways to thrive.
China’s Bitcoin Exchanges Impose Fees Following Central Bank Meeting
The era of free bitcoin trading in China appears to be over as a number of smaller exchanges announced new fees overnight.