In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan,
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Chinese court sentences gang for money laundering using digital yuan
The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
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HSBC China Introduces Digital Yuan Services for Corporate Clients
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to
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Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about
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China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase
Read moreHong Kong digital yuan pilot lacks P2P capabilities
While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions
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