• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Bulls rest before taking on $60,000 resistance

    Bitcoin price prediction: Bulls rest before taking on $60,000 resistance

    MicroStrategy

    MicroStrategy adds more Bitcoin to their portfolio

    digital dollar currency

    Digital dollar currency set to launch in Canada

    Binance Coin price

    Binance Coin price: BNB recovers $250, what’s next?

    Crypto

    Cryptocurrency is not a legal tender in Nigeria- CBN Governor

    crypto ban

    Crypto ban: Hong Kong considers banning small-scale Bitcoin investments

    How ethbox Can Help Generate Passive Income 1

    How ethbox Can Help Generate Passive Income

    Bitcoin

    Bitcoin price recovers above $50,000 as Square buys $170M worth of BTC

    China is jointly exploring a cross-border digital currency project

    China is jointly exploring a cross-border digital currency project

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction Bulls rest before taking on $60,000 resistance

    Bitcoin price prediction: Bulls rest before taking on $60,000 resistance

    MicroStrategy

    MicroStrategy adds more Bitcoin to their portfolio

    digital dollar currency

    Digital dollar currency set to launch in Canada

    Binance Coin price

    Binance Coin price: BNB recovers $250, what’s next?

    Crypto

    Cryptocurrency is not a legal tender in Nigeria- CBN Governor

    crypto ban

    Crypto ban: Hong Kong considers banning small-scale Bitcoin investments

    How ethbox Can Help Generate Passive Income 2

    How ethbox Can Help Generate Passive Income

    Bitcoin

    Bitcoin price recovers above $50,000 as Square buys $170M worth of BTC

    China is jointly exploring a cross-border digital currency project

    China is jointly exploring a cross-border digital currency project

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Industry News

China CBDC testing list features Starbucks and McDonald’s

Gurpreet Thind by Gurpreet Thind
April 24, 2020
in Industry News
2 min read
China CBDC testing candidates list features Starbucks and McDonald's
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The ambitious China CBDC testing schedule is set to begin on a commercial scale. The experiment will cover many industries, sectors, companies, and even government services. Now, the authorities have announced that chosen international brands operating will also be a part of the China CBDC testing process.

The list of testing centers for Chinese central bank digital currency has been released by the official authorities. Two prominent American brands featured in the list include MacDonald’s and Starbucks. Chinese digital Yuan will be launched on an experimental basis in four major Chinese cities, including Chengdu and Xiong’an.

China CBDC testing on schedule despite COVID-19 pandemic

China is emerging out of the COVID-19 pandemic and slowly getting back on track to implement its pre-pandemic CBDC plans. The central bank has laid out the roadmap to begin testing the digital Yuan this year itself. The testing of virtual currency in western businesses is part of the central bank’s experimental phase.

RelatedPosts

Digital dollar currency set to launch in Canada

Cryptocurrency is not a legal tender in Nigeria- CBN Governor

How ethbox Can Help Generate Passive Income

China is jointly exploring a cross-border digital currency project

China CBDC testing is attracting a lot of media attention despite the slowdown in economic activity due to the Coronavirus. It seems that Bitcoin Halving and the Chinese virtual Yuan are keeping the crypto realm on its toes. Both the landmark events are predicted to have a significant impact on the way crypto behaves in the coming months.

The Chinese government is known to play its cards pretty close to the chest. Releasing a list of China CBDC testing centers is giving the industry a glance into how exactly the government will move ahead with its cryptocurrency plans. The crackdown on crypto mining activities and increasing regulations on private crypto players are sending out mixed signals to the world. Hopefully, China CDBC testing can placate the growing discomfort in the Asian crypto market.

China CBDC testing plans feature western participants

As Chinese authorities take the lid off the digital Yuan project, details regarding its implementation have started to emerge. Chinese media house ChainNews reports that a meeting pertaining to the new token’s experimental launch was organized by the Xiong’an district authorities and featured officials from the local branch of the People’s Bank of China.

A list of 19 organizations chosen for the experimental launch was released and included names such as Golden Baihe, Oscar Studios, Starbucks, McDonald’s, Zhonghai SPV, and more. The National Development and Reform Commission would further oversee the national expansion plans for the digital Renminbi.

Tags: cbdccentral bankChina CBDC
Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related Posts

digital dollar currency
Industry News

Digital dollar currency set to launch in Canada

February 24, 2021
Crypto
Industry News

Cryptocurrency is not a legal tender in Nigeria- CBN Governor

February 24, 2021
How ethbox Can Help Generate Passive Income 3
Industry News

How ethbox Can Help Generate Passive Income

February 24, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Join the Most Awaited ICO of the Year and Get your Ticket to the Crypto world 4

Join the Most Awaited ICO of the Year and Get your Ticket to the Crypto world

February 25, 2021
Bitcoin price prediction Bulls rest before taking on $60,000 resistance

Bitcoin price prediction: Bulls rest before taking on $60,000 resistance

February 24, 2021
MicroStrategy

MicroStrategy adds more Bitcoin to their portfolio

February 24, 2021
digital dollar currency

Digital dollar currency set to launch in Canada

February 24, 2021
Binance Coin price

Binance Coin price: BNB recovers $250, what’s next?

February 24, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 5

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.