In the wake of China introducing an anti-telecom internet fraud law for crypto, it is now drawing attention to similar crimes being committed with its central bank digital currency (CBDC), the e-CNY. According to a senior People’s Bank of China (PBoC) official, there are now more th...
The People’s Bank of China (PBoC) is working to promote interconnection between the digital yuan (e-CNY) and other electronic tools to enable payments by QR code scanning, its deputy governor has said. Fan Yiwei said at a digital finance forum last week that linking the digital ide...
The planned visit of the Chinese President to Saudi Arabia next week is likely to have a significant impact on the yuan (CNY) and its extended digital version, e-CNY. At Saudi Arabia's invitation, Xi Jinping's proposed trip next week has been dubbed an opportunity for Beijing and R...
The head of the digital currency research institute (DCRI) the arm of the People’s Bank of China (PBoC) responsible for the development of the digital yuan (e-CNY), has disclosed that China plans to tighten legislation around the digital currency to protect user privacy. Mu Changc...
The adoption drive for digital yuan (e-CNY) within China is continuing even as the People's Bank of China (PBoC) steps up its effort to develop a yuan reserve with the Bank for International Settlements (BIS) and five other countries. China says it is teaming up with Indonesia,...
China's central bank digital currency (CBDC), the digital yuan (e-CNY), has been used for economic stimulus purposes for the first time. Shenzhen, and Xiong’an New Area last week announced the distribution of free e-CNY red envelopes which represent monetary gifts for residents to us...
After its usage at the 2022 Winter Olympics in Beijing, China seems to be preparing to extend its central bank digital currency (CBDC) pilot programme to yet another event of global relevance, the 19th Asian Games Hangzhou 2022. Slated for between September 10 and 25, six of the c...
China may have been considered the first major economy to pilot a central bank digital currency (CBDC) in 2020 with its digital yuan (e-CNY), it is not leading the retail CBDC index according to the top consulting and accounting firm, PwC. In the latest PwC 2022 CBDC Gl...
Rise in China’s process of currency internationalization effort in recent years has been attributed to a slew of steps capped with the introduction of the digital yuan (e-CNY), the International Monetary Funds (IMF) has noted in its latest working paper on the stealth erosion of dollar d...
In a new twist to what could inadvertently lead to an increase in the use of the digital yuan (e-CNY) for international trades when fully operational, India and Saudi Arabia are reportedly considering using Chinese yuan - instead of the U.S. dollar - for some of their oil transactions. ...
English
Chinese
