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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Gold Rush Continues – Central Banks Purchased 44 Tonnes in November
Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records
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China Mulls Digital Yuan Settlements for Commodities
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang,
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Project mBridge reveals details of its workings ahead of MVP, commercial debut
Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.
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China opens industrial park for digital yuan CBDC development in Shenzhen
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
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Bitcoin gains legal recognition as digital currency in Shanghai, China
A similar report from another Chinese court in September recognized cryptocurrencies as virtual properties protected by law.
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