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Tag Archives: digital yuan

US Reps Highlight Likely Digital Dollar’s Edge Over Yuan

Jun 16, 2021

Olusegun Ogundeji

How a U.S. digital dollar could gain an edge over China’s yuan was the topic of discussion on Tuesday June 15 in the US House of Reps.  Several experts were on hand to testify before the House Committee on Financial Services Task Force on Financial Technology regarding “Dig...

China’s Ruling Council Calls for Bitcoin Mining Crackdown, Trading

May 22, 2021

Olusegun Ogundeji

In what it says is a bid to prevent and control financial risks, the top echelon of the Chinese government has indicated their administration’s resolve to, among other things, combat Bitcoin mining and trading behaviour as they issued yet another stern warning against crypto mining in China. ...

AliPay Launches Digital Yuan Model For Select Users

May 12, 2021

According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...

China Behind Bahamas, Cambodia on CBDC Maturity – PwC Index

Apr 30, 2021

Olusegun Ogundeji

The first edition of the PwC Global Central Bank Digital Currency (CBDC) Index has shown that The Bahamas and Cambodia are the two countries leading China in terms of their central banks’ level of maturity in deploying their own digital currency. Designed to monitor the ongoing... Pays Employees Salaries in Digital Yuan

Apr 29, 2021

China’s digital yuan project has ticked yet another box as e-commerce giant recently implemented it as a payment vehicle to pay salaries of some of its employees. The platform also revealed that it used the digital yvan to make payment for some other businesses.  This will go down a...