Four Chinese State-Owned Banks Confirm They’re Testing CBDC Digital Wallets

Aug 7, 2020

The latest news coming out of Chine confirm that not only has the country gone a long way ahead in its central bank digital currency development but that it has already begun conducting extensive tests on the everyday use of the upcoming digital yuan. According to a local report, several large...

Ways Firms Can Seize Opportunities With China’s DC/EP Rollout

Aug 5, 2020

Firms that are timely prepared for the rollout of China’s digital currency electronic payment (DC/EP) project stand to benefit in about five ways from the effect it will have on the global economy, two authors have shared on the London School of Economic Business Review blog page. Jem...

China and U.S. Must Learn From One Another and Collaborate on CBDC

Aug 3, 2020

The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Faceb...

China’s Central Bank Digital Currency (DCEP) Will Accelerate the Economy

Jul 29, 2020

It seems that the talk about China’s central bank digital currency (DCEP) is beginning to heat up. The project has taken off from a theoretical plan to practical execution in just a few months, putting China at the head of the race to launch a digital national currency. Aside from givin...

Former CSRC Chief Says Digital Stocks Are Set to Follow CBDCs

Jul 16, 2020

While most of the world is still focused on getting central ban digital currencies off the ground, some of the most influential voices in China are already thinking about what the next step in the blockchainification of the country will be. Aside from the intensive efforts being done in China on...

China Crypto Roundup (July 7-13): Didi to Pilot DCEP, 45,000 Blockchain Companies in China, $15 Million Crypto Scam Busted

Jul 13, 2020

In this past week, China’s CBDC was seen a step closer to real use case as it announced to partner with the country’s largest taxi hailing service provider; blockchain fever in the country continues with over 45,000 blockchain companies registered with local regulator; Canaan may be going t...

China’s Uber, Didi May be the First Private Company to Trial a CBDC, and More are Joining

Jul 9, 2020

Didi Chuxing, China’s largest and world's second-largest taxi hailing service provider, has partnered with the country’s central bank to jointly study and explore the application of digital yuan in the field of smart travel. The ride-hailing juggernaut announced July 8 that the company ha...

China’s Digital Yuan DCEP Adopts Multi-identity Authentication Mechanism to Improve User Experience

Jul 2, 2020

China’s central bank-backed digital currency DCEP has designed a unique identity authentication serial mechanism to facilitate the circulation of DCEP in the electronic systems of various businesses. On the premise of ensuring security, the user's identity authentication process gets more...

DCEP: An Inside Look at China’s Digital Currency

Jun 29, 2020

China's digital currency is slowly gathering momentum. But DCEP is not blockchain based, it's centralized, with a 'loosely coupled' twist. While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xia...

Hong Kong’s “Libra” Cross-border Stablecoin, the First Movement of China’s DCEP Go Abroad?

Jun 22, 2020

Introduction With the closing of China’s National People's Congress and the National People's Congress in Beijing last weekend, one political proposal sponsored by Nanpeng (Neil) Shen, member of the National Committee of the Chinese People's Political Consultative Conference ...