Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
Read more
UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its
Read moreThe People’s Bank Of China’s Report On Blockchain Tech And Their Upcoming CBDC
Apparently, the People’s Bank Of China is considering using blockchain technology to power the Digital Yuan CBDC. The coin, also known as Digital renminbi or
Read more
Italian Payments Giant Nexi Involved in Digital Euro Project
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was
Read more
Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals
Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able
Read more
China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst
China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants
Read more