China’s central bank digital currency can now be used on insurance policies that offer various levels of compensation for diagnosis of or death due to
Read more
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
Read more
Beijing subway now accepts digital yuan
Beijing’s rail transit service now accepts digital yuan for subway rides through an integration with the Industrial and Commercial Bank of China.
Read more
Banks fall in line as China’s central bank cracks down on crypto accounts
AgBank — the world’s third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related
Read more
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Agricultural Bank of China previously debuted digital yuan ATMs this January.
Read more
Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY …
Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform
Read more