From Deutsche Bank to Goldman Sachs, the prospect of China's Digital Currency Electronic Payment (DC/EP) gaining widespread use is becoming more established going by their separate analyses on China's market outlook. The DC/EP, which promises to combat money laundering and oth...
A major problem is bound to beset the wider use of China's central bank digital currency (CBDC) as well as others being pursued by G20 economies, a financial expert has said. Yana Afanasieva CEO of Competitive Compliance notes that digital wallets being used to store value could end up...
China's emerging role in the digital currency regulation space as well as its need to work with others is gradually taking shape with series of recent events adding up to make Asia's top economy's participation in the development of a global framework more established. Aside from the Chinese ...
Chinese technology giant has announced the latest release from its line, the much-anticipated Mate 40 series 5G smartphones, which come with a built-in wallet feature for digital yuan - the core of China's digital currency electronic payment (DC/EP) project. According to Yu Chengdong, ...
Friday October 9 did not only see the People’s Bank of China (PBoC) announce it has made 50,000 “red packets” available to citizens in Shenzhen but also marked the day when the Bank of International Settlements (BIS) revealed that seven central banks had teamed to create their own ...
A deputy governor at the People's Bank of China (PBoC) has hinted at what he describes as “positive progress” for the pilot programmes rolled out in batches for China's Central Bank Digital Currency (CBDC) over the past year. Fan Yifei disclosed at the ongoing Sibos 2020 conf...
Chandler Guo may have been at the forefront of contributing to Bitcoin's success including investigating in its mining operations, he now sees China's Digital Currency/Electronic Payment (DC/EP) as a potential payment system that could become the dominant global currency. "One day ev...
Apart from the scenarios of transferring and payment, China’s digital national currency has also begun to test the "credit card repayment", the large user entry. On September 21, the plan of China (Beijing) Free Trade Pilot was announced, proposing to support the establishment of finan...
The Bank for International Settlement (BIS) has presented a novel central bank digital currency (CBDC) project index (CBDCPI) which puts countries with higher mobile phone usage and higher innovation capacity as having a higher chance to implement it. The index comes after th...
The third-party payment method of e-commerce enterprises affords lessons to China's digital currency, and completely gets rid of the development ideas of traditional e-currency. China’s digital yuan adopts blockchain system in security verification as well. China's digital currency not only ...
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