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Tag Archives: DCEP

China Announces New DCEP Pilot and Lottery in Suzhou

Dec 8, 2020

After conducting a hugely successful trial of its upcoming digital yuan wallet this fall, China has set its sights on more large-scale trials of the new payment system. According to a report from Asia Nikkei, the Chinese government will be expanding the trials of its DCEP payment system th...

JD.com Breaks New Grounds With China’s CBDC Involvement

Dec 7, 2020

Olusegun Ogundeji

The proposed testing of China’s central bank digital currency (CBDC) in Suzhou is going to involve the fintech arm of JD.com accepting digital yuan as payment for some products on its online mall, the Chinese e-commerce company has said. JD Digits will participate in the Suzhou pro...

Alibaba, WeChat Dominance to Make China’s CBDC Different

Dec 3, 2020

Olusegun Ogundeji

Many countries may be pursuing a central bank digital currency (CBDC) now but top consulting firm, Deloitte says the dominance of tech giants Alibaba and WeChat will make China’s version different. “In fact, introducing a CBDC in China would differ from other countries due to th...

Suzhou City Getting Ready for Chinese CBDC Test

Nov 24, 2020

Vincent He

Suzhou will become the second Chinese city after Shenzhen to experiment with the country’s sovereign digital currency on Dec. 12, according to the report. The city located in Jiangsu Province of East China will play host to a shopping festival dubbed “Double 12” and gauge the DCEP's...

China Crypto Roundup (Nov 9- Nov 16): China Construction Bank to Sell $3bn Worth of Blockchain-based Debt, PBOC Plans on Building a Legal DCEP Test Zone in Beijing, China’ RCEP Deal May be a Testbed for Blockchain’s Maturity in International Trade

Nov 16, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week include: China Construction Bank to sell $3bn of debt on blockchain, China to set up a new CBDC test zone in Beijing, China’ RCEP deal may be a testbed for blockchain’s maturity in International trade.…… C...

China Crypto Roundup (Aug 24- Aug 31): China Opened CBDC Wallet Registration, Blockchain Being A Keyword of AntGroup’s Prospectus, China’s Inner Mongolia Tightens Policy on Crypto Mining

Aug 31, 2020

Vincent He

In this past week, China’s CBDC was seen a step closer to real use case as China Construction Bank opened digital yuan wallet registration in last Saturday, blockchain being a keyword of Alibaba's AntGroup prospectus, regulators in China’s Inner Mongolia stop preferential electrici...

China Crypto Roundup (Aug 17- Aug 24): China’s Digital Yuan Tested in Petty Payment, Bitcoin’s Hashrate Takes a Massive Hit After Heavy Floods in Sichuan, More Companies Turn to DCEP

Aug 24, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week includes: China’s digital yuan will be piloted in more cities across the country; China’s Digital Yuan to Test in Petty Payment First; heavy rainfall in China’s Sichuan province forced many mining farms in the reg...

China’s Digital Yuan to Test in Petty Payment First

Aug 19, 2020

Vincent He

A director of the technical department of a bank in China’s Suzhou revealed that the current digital currency application in Shenzhen and Suzhou is mainly concentrated in small-scale scenarios such as retailing, public transportation card recharge, catering. The application scenarios for C...

China Crypto Roundup (Aug 10- Aug 17): Bitcoin Mining Legalization Foreseeable, China’s National Blockchain Network Launched New Global Portal, China to Pilot Digital Yuan in More Cities

Aug 17, 2020

Vincent He

The top stories from the Chinese cryptocurrency sphere this past week includes: China’s digital yuan will be piloted in more cities across the country; China’s Sichuan province revealed the second batch of demonstration enterprises for hydropower consumption covering a batch of blockchain c...