China Crypto Roundup (Mar. 29-Apr. 4)：Major State-Owned Banks Promote Digital Yuan Wallets

Apr 6, 2021

1. Major state-owned banks start to promote digital yuan wallets with 'broad invitation' At present, state-owned banks such as ICBC, China Construction Bank, Communications Bank and Postal Savings Bank have started to promote digital RMB wallets. At these bank outlets, users do ...

China Crypto Roundup (Mar. 22-Mar. 28)：China State-Owned Banks Opened Digital RMB Wallet Whitelist Applications

Mar 29, 2021

1. The9 purchased the second batch of Whatsminer, with its’ computing power increase 40 PH/s On March 22, well-known Chinese game company The9 Limited has bought another batch of bitcoin miners from MicroBT (the manufacturer of Whatsminer) according to the sales agreement they signe...

China’s Central Bank Says The Digital Yuan Will Offer ‘Controlled Privacy’

Mar 23, 2021

While the success China’s digital yuan project has seen so far has been tremendous, the country’s efforts to launch a national digital currency have frequently encountered roadblocks. One of the biggest and most persistent roadblocks the project has faced were the privacy concerns regarding the...

China Crypto Roundup (Mar. 15-Mar. 21)：Hong Kong Test Digital RMB, Ebang Launched 6nm ASIC Chip

Mar 22, 2021

1. HKMA: We are working with the Digital Currency Institute of the People's Bank of China to test the digital RMB On March 15, Hong Kong Monetary Authority (HKMA) JP Eddie YUE said that they were working with the People's Bank of China (PBOC) Digital Currenc...

Contradicting Opinions About The Effect Of Digital Yuan On The Cryptocurrency Market

Mar 11, 2021

China is pushing to launch a digital yuan and has carried out several tests across some major cities. However, the impact that the project could have on both the mainstream and cryptocurrency marketplace remains a subject of debate. The Chinese government has been firm on decisions against cr...

China’s DCEP Project Launches Biggest Digital Yuan Test Yet

Mar 3, 2021

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...

Another 40M Yuan in Digital Yuan Red Packets to be Distributed in Beijing and Suzhou

Feb 9, 2021

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 ...

DCEP Trials Continue in Shenzhen, Another $3 Million in Red Packets Distributed

Jan 25, 2021

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 ...

A Global Perspective on Central Bank Digital Currency

Jan 21, 2021

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...

Over 10000 Merchants Participate in 2nd Digital Yuan Test in Shenzhen

Jan 11, 2021

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...