Digital yuan could be tested by McDonald’s, Starbucks and Subway
Rumors have it that there is an upcoming real–world test of the proposed China’s digital yuan. According to a local Chinese publication called Interchain Pulse, a promotion conference took place on April 22 in the city of Xiong’an, which is situated close to China’s capital of Beijing. Among the participants in the piloting phase include […]
China’s digital currency to be tested with 50% subsidy
Apparently, China is close to launching its digital currency, as many cities are beginning trials. Per the report by Global Times on Thursday, Xiangcheng district is planning to test DC/EP, China’s digital currency, starting with the civil servants. Government employees in Xiangcheng, Suzhou city, will be receiving the country’s digital currency as commuting subsidies. It […]
Digital Yuan set for testing in 4 Chinese cities
Digital Yuan is set to be tested in four Chinese cities. This follows some screenshot leak to social media of the proposed pilot version. The screenshots are linked to the initial version of the wallet application for the Chinese currency. According to Ling Zhan the launch might be just a few days. Purported digital Yuan […]
China blockchain committee of 15 set up for digital yuan standard
The Chinese government together with its federal governments are getting much involved in blockchain technology to accelerate innovation in the entire nation. Recently, the Chinese government published an official notice claiming they had set up an official China blockchain committee, made up of 15 organizations to conceive standards for China’s blockchain and DLT. Moreover, the announcement […]
Digital Yuan creation on course, People’s Bank of China
Digital Yuan creation is going as planned as per the People’s Bank of China (PBC). According to the April 11 announcement, the Chinese Central Bank is fast-tracking on the project and plans are at an advanced stage. Sina Finance, a local media outlet says that PBC held its‘ financial presentation’ on April 10. The bank […]
China CBDC launch is due to happen very soon?
The China CBDC launch is one of the most important milestones in the history of central bank digital currencies (CBDCs), the cryptocurrency history, and the global economic history. Media reports are buzzing that the central bank of China, The People’s Bank of China (PBoC) is moving step by step towards issuing its national digital currency. […]
