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Tag Archives: CBDC

First CBDC-Related Money Laundering Case Reported in China

Nov 9, 2021

The first case of money laundering involving the use of digital yuan has been reported in China. According to Chinese authorities, in several scam cases, the group involved in the crime used the digital yuan to steal funds from their victims which were further transferred out of the country. ...

The Main Reason Behind China’s Crypto Ban

Oct 26, 2021

China banned the use of Bitcoin and other cryptocurrencies within its financial system and geographical space. Not only did it ban the use of cryptocurrencies, but it also moved to put a stop to all activities related to the new technology, including cryptocurrency mining and trading. While t...

China’s DCEP Project Launches Biggest Digital Yuan Test Yet

Mar 3, 2021

Forkast.News

The city of Chengdu will be launching China’s largest digital currency trial to date starting today, following those already completed in Beijing, Suzhou and Shenzhen. “The Chinese central bank has been more confident about issuing digital yuan as it expanded to the west, reflecting the...