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Tag Archives: China DCEP

China’s DC/EP to Reach Far, Two Top Global Banks Agree

Nov 23, 2020

Olusegun Ogundeji

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...

CBDCs Like China’s DC/EP to Face Problem of Accumulated Balances

Nov 5, 2020

Olusegun Ogundeji

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 Building Up Momentum for Global Digital Currency Framework

Nov 3, 2020

Olusegun Ogundeji

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 ...

DC/EP: Huawei’s Newest Smartphones Come with Digital Yuan Wallet

Oct 31, 2020

Olusegun Ogundeji

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, ...

PBoC Shares “Positive Progress” of CBDC Pilot Programmes

Oct 6, 2020

Olusegun Ogundeji

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...

Different Angles to China’s Digital Currency Plan

Sep 27, 2020

Olusegun Ogundeji

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...

China’s Digital Yuan App Testing Credit Card Repayments

Sep 22, 2020

Vincent He

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...