China CBDC

Explained: Digital Yuan and its utilities

TL;DR Breakdown The People’s Bank of China is trying out its own central bank digital currency, called Digital Yuan.China's digital… Read More

January 19, 2022

China eyeing Digital Yuan launch in 2022 with recent integration

TL;DR Breakdown China may be eyeing to launch digital yuan in 2022.China integrates PBOC to payment platform, WeChat. China has… Read More

January 6, 2022

China ponders launching a digital yuan-based exchange in Beijing

TL;DR Breakdown China is thinking about launching a digital asset exchange platform in Beijing.The exchange platform has a specific aim… Read More

November 26, 2021

Digital Yuan: China records first case of money laundering

TL;DR Breakdown China records first illegal use case of digital yuan.11 criminals arrested, to face trial of illegal use of… Read More

November 3, 2021

Digital Yuan: More than 140 million accounts have been registered

TL; DR Breakdown China’s PBoC boss claims users have opened more than 140 million accountsHe says corporate entities have opened… Read More

November 3, 2021

China wants McDonald’s to increase its digital yuan testing

TL;DR Breakdown China wants McDonalds to speed up its digital yuan testingMcDonald’s is testing the pilot digital yuan across 270… Read More

October 20, 2021

Beijing airport pilots e-CNY payments service

TL; DR Breakdown Beijing airport is piloting a digital yuan (e-CNY) payment system. Passengers will use it for transactions within… Read More

October 17, 2021

G7 countries release proposed principles for CBDC distribution

TL; DR Breakdown Officials from G7 countries release a report on suggested principles for CBDC implementation.The guidelines hope to bring… Read More

October 14, 2021

Major Chinese banks consider expanding “digital yuan” to fund and insurance

TL;DR Breakdown: Chinese banks want to expand digital yuan utility so that holders can buy funds and insurance with it.The… Read More

August 31, 2021

PBOC goes tougher on firms, shut 11 more

TL;DR Breakdown China central bank clampdown on 11 firms for engaging in illegal crypto activities.China clampdown on crypto has taken… Read More

August 18, 2021

Digital Yuan: Smartphone with CBDC wallet launched in China

TL;DR Breakdown Honor unveils Magic3 smartphone with digital Yuan wallet.Chinese digital Yuan to lead global CBDCs race. International Organization continues… Read More

August 13, 2021

Crypto crackdown: China vows to continue enforcement

TL;DR Breakdown China says it will intensify crackdown on cryptocurrencies.China stiff crypto regulation forces exchanges out of the country.China rumored… Read More

August 1, 2021

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