China’s central bank digital currency (CBDC) project has reached the mark of close to $14 billion, or 100.04 billion yuan, of made transactions during its pilot phase. It makes the digital yuan, also ...
Tag: Yuan
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank Reveals
Over $13 Billion Spent In Chinese Digital Yuan, Central Bank RevealsTransactions using Chinese CBDC surpass 100 billion yuanOctober 13, 2022The People’s Bank Of China revealed that transactions using ...
Will digital yuan replace cash in China? 1
China’s digital yuan pilot test has touched close to a staggering $14 million worth of transactions. The project, still in its pilot phase, has posted such a remarkable figure thanks to its massive pa...
U.K. Spy Chief Warns The World Against China’s Digital Yuan
U.K. Spy Chief Warns The World Against China’s Digital YuanChina’s Use Of Tech Threatens Global Security, Warns UK Spy ChiefOctober 11, 2022China is seeking to use digital yuan and other technologies ...
First Digital Yuan Land Transfer Executed in Chinese Province of Fujian
The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The province of Fujian in China has executed its first digit...
Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD – Bitcoin News
Moments after the Chinese yuan’s onshore exchange rate versus the U.S. dollar slumped to 7.2458 per dollar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the curre...
Beijing Seeks to Internationalize Its Digital Yuan
Beijing Seeks to Internationalize Its Digital YuanIs China trying to overthrow US Dollar with its Digital Currency?September 29, 2022Bank for International Settlements (BIS) says China Central Bank ha...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
China Will Extend Its Testing of the Digital Yuan to Its Most Populated Provinces – crypto.news
According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced regions by the end of ...
Australian Senator Calls for Urgent Stablecoin and Digital Yuan Regulation
Andrew Bragg – an Australian Liberal Senator for New South Wales – drafted a bill that could put the local cryptocurrency sector under strict supervision. If accepted, the legislation will require dig...
Australian Senator, Andrew Bragg, Includes Digital Yuan in New Digital Assets Bill –
Australian Liberal Representative Andrew Bragg has acquainted a bill with direct crypto resources. That’s what he noticed that Australia is falling behind on customer security and speculation advancem...
Australian Liberal Senator Calls for Stablecoin and Digital Yuan Regulation, Drafts Bill
Given that the Liberal party is in opposition to the ruling Labour party, it remains to be seen if Senator Bragg’s bill will be passed. Australian Liberal Senator Andrew Bragg has called for increase...
Australian Senator Includes China’s Digital Yuan CBDC Requirements in New Digital Assets Bill
Australian Liberal Senator Andrew Bragg has introduced a bill to regulate crypto assets so that the country ‘keeps up with the global pace’ in handling rules for digital assets. The bill also mentions...
Australian Senator Proposes Crypto Bill Targeting China’s Digital Yuan
Bragg’s draft “Digital Assets (Market Regulation) Bill 2022” identifies seven Chinese banks, including the Agricultural Bank of China and the Bank of China, that have branches in Aus...
Australian senator drafts bill aimed at stablecoin, digital yuan regulation
Australian Liberal Senator Andrew Bragg has released a new draft bill aimed at clamping down on digital asset exchanges, stablecoins, and China’s central bank digital currency, the e-Yuan. In a statem...
How China’s reacting to falling yuan, rising US dollar — Quartz
The Chinese yuan has slumped sharply against the US dollar this year, and is sliding towards what many analysts deem the psychologically important seven-dollar mark. Although Chinese officials are act...
China’s Central Bank calls for wider usage of digital yuan to facilitate interconnectivity
The People’s Bank of China (PBOC) has issued a demand for further efforts to allow interconnection between the digital yuan (e-CNY) system and conventional e-payment technologies to make the usage of ...
Central Bank of China Calls for Increasing Use of Digital Yuan – Finance Bitcoin News
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status China’s economy has been immense...
Why China’s central bank is shoring up the yuan
The Chinese yuan has tumbled to two-year lows against the U.S. dollar in the last few weeks. Sopa Images | Lightrocket | Getty Images BEIJING — China’s central bank has sent a strong signal it w...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status China’s economy has been immense...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk – Bitcoin News
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is curre...
Ningbo Rail Transit Introduced Payments In Digital Yuan
Ningbo Rail Transit has launched payments in digital yuan. The company revealed that 125 stations will be accepting the coin, as of now. Ningbo Rail Transit, a rapid transit system serving the N...
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses – Bitcoin News
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will b...
The interest of people in digital Yuan
As China’s first centralized digital currency came into the market, many felt that it would not gain a good response from the local users. However, with time, the money – Digital Yuan – could attract ...
How to Buy Yuan Chain Coin in Easy Steps
Yuan Chain Coin (YCC) is a cryptocurrency that runs on the Ethereum network. On most cryptocurrency exchanges, you’ll need Bitcoin (BTC) or Ethereum (ETH) in order to trade forYuan coin. However, some...
China Promises Privacy Protection for Digital Yuan as Adoption Spikes
China has vowed to protect the privacy of users of the digital yuan as it pushes for greater adoption, allaying fears from the country’s critics. Mu Changchun, director-general of the Digital Currency...
China to respect privacy of digital yuan users, eyes more adoption
A senior Chinese central bank official, Mu Changchun, said the country will respect digital yuan users’ privacy and protect their personal information, Reuters reported on July 25. According to Changc...