There have been talks of China’s digital yuan or digital currency electronic payment (DCEP) project aiming to challenge the US dollar dominance on the world stage but a senior fellow at the Peterson Institute for International Economics has said that the digital currency would have to c...
Following the success of previous trials of the upcoming digital yuan payment system, the city of Shenzhen has launched another major pilot program aimed at utilizing the central bank digital currency. According to the latest report from Chain News, China’s prime source of blockchain-related ...
The Agricultural Bank of China has rolled out “digital yuan-enabled” Automatic Teller Machines (ATMs) in some of its branches across the city of Shenzhen. This move is part of the innovations that have been added to the ongoing test of China’s digital yuan project in Shenzhen. T...
The Shenzhen government said it will give away 20 million yuan (92.5 million baht) via "red packets" - gift envelopes traditionally given out during holidays and special occasions - to residents of Shenzhen's Futian district via a lottery. A total of 1861758 individuals in Shenzhen successf...
China has continued with the process of testing its Central Bank Digital Currency (CBDC), otherwise known as Digital Currency Electronic Payment (DCEP). This time, the real-life test has returned to the city of Shenzhen where a similar test was carried out in the last quarter of 2...
While the success of all of the digital yuan trials conducted in China so far is undisputed, few have managed to gain major momentum and truly test out the system’s capabilities. However, the latest major shopping event that took place in the country during the weekend proved to be the perfect t...
There are indications that the digital yuan project in China is targeted to go live in time for the 2022 winter olympics to be held in the capital city of Beijing. As reported on Eastmoney, sources close to the project insist that there is still a long way to go before the full launch of the di...
China has maintained a leadership role in the Bitcoin and cryptocurrency industry. Almost every major startup in this industry and other related technologies look forward to some kind of affiliation with China. Considering one of the fundamental aspects of the cryptocurrency industry, which is ...
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, ...
According to the latest report, DCEP, China’s digital yuan are testing the limited anonymous transaction as the pilot project initiated by Shenzhen’s municipal government has got off to a great start. “Limited anonymous transaction”, that is, the transaction record won’t display the me...
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