News
China completes cross-border trial of its digital currency
The Bank for International Settlements says it has completed a CBDC trial focused on cross-border transactions between China, Hong Kong, Thailand and the UAE. Read more…
digital yuan
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China will respect privacy of digital yuan (e-CNY) users
China will fully respect privacy and protect personal information in using the digital yuan as Beijing encourages greater adoption of e-CNY. Read more…
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PBOC expands digital yuan pilot to more areas as Asian Games approach
China’s PBOC will expand its digital yuan pilot to cities in Zhejiang province which is set to host the Asian Games later this year. Read more…
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e-CNY racking up over $315k in daily transactions at Olympics: PBOC
China’s digital yuan, the e-CNY, is being used to make over $315,761of payments a day at the Beijing Winter Olympics, says PBOC official. Read more…
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Beijing to launch digital yuan lottery, giving out free online wallets
Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, another trial for eCNY Read more…
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Six big state banks in China are quietly promoting digital yuan
Six of China’s big state banks are quietly promoting digital yuan to provide consumers with a payment alternative to Alipay and WeChat Pay. Read more…
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Bank of Japan brushes aside fears of China’s progress on digital yuan
A senior Bank of Japan official has brushed aside fears China’s rapid progress on a digital yuan could upend markets. Read more…