According to Xie Ping, a former official of the People’s Bank of China (PBoC), the digital yuan is underused by the Chinese. As reported by financial news source Caixin, The former PBoC official, Xie ...
Tag: Yuan
Yuan pay group | Cryptopolitan
Yuan Pay group is an organization that gives banking administration to Chinese residents living abroad. They offer many banking items and administrations, including web-based banking, versatile bankin...
TrueUSD launches TRON-based stablecoin TCNH pegged to Offshore Chinese Yuan
The TrueUSD (TUSD) team announced the release of a new stablecoin, TCNH, linked to the Offshore Chinese Yuan (CNH) at a 1:1 ratio. In particular, TCNH will be deployed on the TRON (TRX) blockchain, wh...
Chinese Yuan Stablecoin Launches on Tron: Why Is This Crucial?
Tron (TRX), a high-performance EVM-compatible blockchain, becomes the technical platform for the latest stablecoin project pegged to Offshore Chinese Yuan (also Offshore Renminbi, Offshore RMB or CNH)...
TrueUSD Launches TCNH, a TRON-Based Stablecoin Pegged to Offshore Chinese Yuan
– Advertisement – San Francisco, United States, 15th December, 2022, Chainwire We are thrilled to announce that the TrueUSD team is launching a new product called TCNH, which is a stableco...
e-CNY pay function launched by Taobao and Alipay: Digital Yuan gets power.
Taobao and Alipay have launched platforms to allow usage of the Digital yuan. The “digital yuan services” bundle will be launched sequentially in the coming weeks and months. Alipay and WeChat pay c...
AliPay Integrates Digital Yuan For Instant Payments Boosting Adoption
Altcoin News The Ant Group operates AliPay, the dominant digital payment system in China. The Group is a subsidiary of the Alibaba Group and is in the midst of a massive overhaul. AliPay has integrate...
AliPay integrates digital yuan
The major Chinese digital wallet AliPay has integrated digital yuan (e-CNY) into the Taobao and Tmall e-commerce platforms. The digital asset is so far available in 20 Chinese cities only. As reported...
China’s Digital Yuan Will be Available in the AliPay Digital Wallet
In a push to China’s digital currency e-CNY, AliPay has integrated the Digital Yuan to facilitate express payments on all of the e-commerce websites run by the Alibaba Group Holding, including Taobao ...
China: the digital Yuan – The Cryptonomist
China has always been a state that makes strictness and control the cornerstones of the exercise of power to the point of often being referred to as a regime rather than a republic, and now with the D...
Tether adds offshore Chinese Yuan to Tron blockchain
Tether Operations Limited (Tether) is a company that actively operates the blockchain-aided platform tether.to. The entity has taken the opportunity to make its formal announcement that they have succ...
Is the Chinese yuan still a good buy?
The USD/CNY exchange rate has been in a steep sell-off as China’s fundamentals improved. It crashed to a low of 6.945, the lowest level since September 14. The Chinese yuan has crashed by more than 4....
Tether launches offshore Chinese Yuan on TRON
The cryptocurrency sector is still reeling from the consequences of the collapse of the crypto trading platform FTX, which was once among the top crypto exchanges in the world, and TRON (TRX) is no di...
Tether Launches Chinese Yuan (CNHT) On Tron
On Dec. 6, Tether, the stablecoin issuer, revealed that its offshore Chinese Yuan (CNHT) would now be available on the Tron blockchain. Using the Tron blockchain’s transport layer, Bitfinex will be th...
Tether launches stablecoin pegged to Chinese Yuan (CNH₮)
Tether, a leading provider of blockchain-based financial services, has launched an offshore Chinese Yuan-backed stablecoin. The new stablecoin, CNH₮, combines two of the world’s largest economies and ...
Russia closes biggest digital asset deal in Chinese Yuan
Russian authorities have approved the country’s first legal digital asset deal using the Chinese Yuan. The transaction, worth about 58m Chinese yuan ($8.3m), became the biggest legal deal of its kind ...
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan – Finance Bitcoin News
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to dat...
China Stocks Climb, Yuan Rises Past Key Level on Reopening Shift
(Bloomberg) — Chinese equities rose and the yuan jumped past the closely watched 7-per-dollar level for the first time since September, as authorities accelerated a shift toward reopening the ec...
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
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PBOC Governor Says Digital Yuan Will Prioritize Privacy Protection
Yi Gang, the Governor of the People’s Bank of China (PBoC) has reiterated that discussions on its Central Bank Digital Currency (CBDC) dubbed the Digital Yuan (e-CNY) are more centered on the privacy ...
Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and ...
Privacy Protection Foremost Issue for Digital Yuan: Governor Central Bank of China
e-CNY needs to maintain “anonymity and full disclosure are not as simple as black and white.”- Yi Gang. Privacy breaching is becoming a common factor in the crypto industry although earlier crypto a...
Privacy Protection a Top Issue for Digital Yuan: China’s Central Bank Governor
He explained that is accomplished via the fact that “transaction-related data is encrypted for storage,” “entities and individuals are prohibited from arbitrary inquiry or informatio...
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid – Economics Bitcoin News
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave Preside...
Chinese yuan down to lowest since 2007 as Xi ensures his reign for the foreseeable future
As inflation batters, global economies, central banks, and the Federal Reserve (Fed) all scrambled to raise rates in an attempt to rein in inflation. Such aggressive moves by the Fed pushed Chinese tr...
Objectives and visions of digital Yuan
Introduction What are the digital Yuan’s goals and visions? Many people have been wondering this recently as news of China’s planned digital money has been making the rounds. Some claim that the digi...
China Seeks To Reduce Dependence On Dollar, Proposes To Issue An Asian Yuan
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used internati...
China’s Digital Yuan Has Topped Over $14 Billion in Transaction Volume
The Chinese Central Bank Digital Currency (CBDC) also known as the e-CNY has hit close to $14 billion (100.04 billion Yuan) from 360 million transactions as it gains widespread acceptance in the count...
Transactions in Chinese Digital Currency Exceed 100 Billion Yuan
58 mins ago | 2 mins read Altcoin News The central bank stated that 360 million transactions were involved in the outlay. 5.6 million businesses across 15 provinces and municipalities now accept digit...
China floats idea of ‘Asian yuan’ to reduce reliance on US dollar
Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim of reducing its reliance on a United States dollar-based economy. The views of rese...
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says – Finance Bitcoin News
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants...