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...
With the Lunar New Year right around the corner, China has amped up its efforts to test out its upcoming digital yuan. And while extensive pilot projects have already taken place in some of the country’s biggest financial hubs, local governments seem eager to incentivize even more real-world ...
Following the success of previous trials of the upcoming digital yuan payment system, the city of Shenzhen has launched another major pilot program aimed at utilizing the central bank digital currency. According to the latest report from Chain News, China’s prime source of blockchain-related ...
Author: David Kuo Chuen Lee, Li Yan &Yu Wang To see the inserted pics clearer, plz visit the original link: https://www.tandfonline.com/eprint/AWTEU83UT8HDAVEAPS27/full?target=10.1080%2F17538963.2020.1870279& ABSTRACT This paper discusses the ke...
The Shenzhen government said it will give away 20 million yuan (92.5 million baht) via "red packets" - gift envelopes traditionally given out during holidays and special occasions - to residents of Shenzhen's Futian district via a lottery. A total of 1861758 individuals in Shenzhen successf...
China has continued with the process of testing its Central Bank Digital Currency (CBDC), otherwise known as Digital Currency Electronic Payment (DCEP). This time, the real-life test has returned to the city of Shenzhen where a similar test was carried out in the last quarter of 2...
While the success of all of the digital yuan trials conducted in China so far is undisputed, few have managed to gain major momentum and truly test out the system’s capabilities. However, the latest major shopping event that took place in the country during the weekend proved to be the perfect t...
Suzhou pilot has multiple innovation scenarios, with more than 10000 offline merchants participating At 8 PM last Friday, more than $3 million dollars in digital yuan was airdropped to 10 thousand residents of Suzhou. The lucky ones now suddenly each had RMB 200, an equivalent of $30, i...
There are indications that the digital yuan project in China is targeted to go live in time for the 2022 winter olympics to be held in the capital city of Beijing. As reported on Eastmoney, sources close to the project insist that there is still a long way to go before the full launch of the di...
The top stories from the Chinese cryptocurrency sphere this past week include: China and Hong Kong prepare for cross-border digital yuan testing, CEO Global exchange halts withdrawals as founder is detained in China, China's digital yuan tries to gain a foothold.…… China and Hong K...
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