China Government Application For Digital Yuan

– Advertisement – The government of China is looking forward to launching its digital currency in the market, just like the crypto coins. To ensure this works, the Chinese government has a...

Digital Yuan, First used For Paying “Local Taxes,” Will continue to expand Use cases  

The Chinese Digital Yuan was first used to pay Local Taxes.  The First loan issued in digital Yuan of nearly $445K US dollars to  ” enterprise talent.”  After banning all fo...

People’s Bank of China to expand testing locations for digital yuan

China is among the jurisdictions that have made major advancements with its plans for a central bank digital currency (CBDC). A report by the Xinhua News Agency said that the head of monetary policy a...

China Reports 264 Million Digital Yuan Transactions so Far This Year

China’s digital yuan transactions amounted to 83 billion yuan (about $12.33 billion) by the end of last month as the country forges ahead with plans for the adoption of a digital currency. The total n...

China Expands Digital Yuan Pilot Sites to 23 regions across 15 Provinces

The People’s Bank of China(PBoC) announced that it would expand the digital yuan pilot program from 11 regions to 23 regions in 15 provinces and cities. Per the data released by Zou Lan, directo...

Hong Kong gets a shot in the arm as China’s offshore financial hub with new products and deeper yuan pool in expanded Connect scheme

Hong Kong widened its cross-border investment channel with Shanghai and Shenzhen with two new classes of financial products on Monday, elevating the city’s status as mainland China’s offsh...

The race between Bitcoin and the digital yuan

Global markets are waiting for China to make the first move by issuing its own digital yuan, which could counter the run of Bitcoin. Digital yuan could curb the use of Bitcoin The issuance of the digi...

BYD’s 66% Gain Catapults Stock to Near Trillion Yuan Market Cap

(Bloomberg) — BYD Co., the Chinese electric vehicle maker backed by Warren Buffett, is on the cusp of entering the trillion-yuan-market-cap club as its production resilience and the government’s...

Digital Yuan Usage in China Leaps 1,800% in Past 12 Months

The digital yuan is gaining traction in China with the number of wallets growing exponentially to 261 million. Reports say the use of the digital yuan central bank digital currency (CBDC) increased by...

What does the rise of the digital yuan mean for the economy of Russia?

The digital yuan is China’s new digital currency. It’s similar to other digital currencies, but the Chinese government backs it. It makes it different from Bitcoin and other cryptocurrencies, which an...

Here’s How China Is Expanding Digital Yuan Adoption

China has been working intensively on its digital yuan for its population. The nation has pushed ahead with its plans of using e-CNY beyond the retail consumer. e-CNY carries zero service charge Accor...

Chongqing Launches Tax Payment Pilot for Digital Yuan

The Chongqing district in China is to conduct a new pilot for the digital yuan central bank digital currency (CBDC). The pilot will allow taxpayers to make payments in digital yuan. The digital yuan t...

US Lawmakers Are Making Moves To Ban China’s Digital Yuan From App Stores In The Country With New Bill ⋆ ZyCrypto

Advertisement &nbsp &nbsp A trio of Republican lawmakers are making a move to limit the use of the digital yuan in American cyberspace. The lawmakers argue that the digital yu...

China to Airdrop 30 Million Digital Yuan to Increase Consumer Spending – crypto.news

The city of Shenzhen will be airdropping 30 million digital yuan to residents as a way to increase people’s consumption and support businesses.  Shenzhen Residents to Receive 30 Million Digital Yuan  ...

China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy

China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spen...

City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending

According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.  Th...

China will gift digital yuan to its citizens to boost the economy after the lockdown

In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shang...

China to gift citizens 90M digital yuan via lottery to restart economy

? Want to work with us? CryptoSlate is hiring for a handful of positions! Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e...

How is China’s plan to drop free Digital Yuan effective to boost lockdown affected economy?

Digital currencies could turn out to be crucial for economic boost that China’s planning to utilize to do the same China is on its way to give a boost to its economic condition and financial activitie...

China Will Airdrop Digital Yuan to Boost Locked Down Economy

China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy affected by lockdowns. Shenzhen Municipal Bureau of Co...

China’s Reopening Plans Spark Rally in Consumer Stocks, Yuan

(Bloomberg) — The yuan and Chinese consumer stocks rallied as key cities eased Covid restrictions, spurring bets that the worst of the economic impact from strict lockdowns is over. Most Read fr...

U.S. Republican Senators Propose Bill to Ban China’s Digital Yuan Use in America – crypto.news

United States Senators have on May 26, 2022, introduced a new bill aimed at stifling the adoption of China’s central bank digital currency (CBDC), e-CNY in America. If passed, the “Defending Americans...

Is the United States bill seeking to Ban Chinese CBDC Digital Yuan?

Tensions among both countries can take another turn after the entry of this hot issue where a US bill is seeking to remove the Digital Yuan from App stores At many instances, Chinese institutions and ...

Digital Yuan Ban: Senators Seek To Ban China’s E-CNY From US App Stores

Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citize...

Draft bill to ban China’s digital yuan from US app stores

Lawmakers in the United States are moving to protect the country from the potential undesirable impacts of the global adoption of China’s national digital currency. Three ​​Republican senators, Tom Co...

U.S. Bill Seeks to Ban Digital Yuan From App Stores

Three U.S. senators introduced a bill that would prohibit U.S. based platforms from enabling transactions that support China’s digital yuan on Thursday. The “Defending Americans from Authoritarian Dig...

US bill to ban app stores from hosting apps that accept digital yuan

There is a US bill in Congress that would limit the ability of app stores to accept payments in digital yuan. The lawmakers have cited it as a national security concern because the payment mechanism c...

US Senators Introduce Draft Bill to Proscribe China Digital Yuan from American App Stores

Republican senators have highlighted a potential threat posed by the digital yuan and have proposed a bill to outlaw them from US app stores. A trio of US senators introduced a bill that bars American...

This School In China Ramp Up Efforts To Expand Use Of Digital Yuan 

In January, China was trying to introduce the digital yuan to a wider population in collaboration with the tech giants such as Tencent and Alibaba. There were doubts about whether Chinese people would...

Bank of China reports a trading volume of US$43 mln digital Yuan in the first month

As of May 15, the People’s Bank of China’s local office reported 288 million yuan (US$43 million) in total digital yuan trading volume across 1.576 million transactions in China’s southwestern municip...

This Chinese City tops in Digital Yuan Transactions worth $3m in the testing phase!

Asian Economic Superpower China has been keeping its best foot forward in order to dominate the digital currency space Most probably, the efforts of Chinese financial institutions to stay ahead in the...

China Doubles Down on CBDC, Expands Tests for Digital Yuan – crypto.news

In recent times, China has looked towards expanding its digital yuan usage trials by paying the wages of government employees using the currency. There are reports of the e-CNY also gaining adoption i...