Digital yuan
China opens digital yuan hub in Shanghai to boost global use
The hub will support digital finance trade, investment, innovation, and strengthen the country’s overseas financial links
China’s tech giants lobby for offshore renminbi stablecoin: sources
The two firms propose China allow the launch of stablecoins in Hong Kong pegged to its offshore renminbi to help promote global use of the Chinese currency
China’s central bank says to promote digital yuan, multi-polar currency system
Pan Gongsheng expects several key global currencies to coexist in mutual competition and checks and balances
China e-CNY in circulation hit 16.5 billion yuan as of Jun 30 this year, central bank governor says
CHINA’S central bank governor Yi Gang said on Wednesday (Jul 19) the country’s digital currency in circulation reached 16.5 billion yuan (S$3 billion) as of end-June.
Chinese digital currency stocks surge amid new efforts to promote e-CNY
CHINESE digital currency-related stocks jumped on Monday (Apr 24) in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency (C...
Former PBOC official says China’s digital yuan is little used: Caixin
CHINA’S central-bank digital currency is little used, a former official of the People’s Bank of China (PBOC) said on Wednesday (Dec 28), financial news outlet Caixin reported.
The Fed needs to take the digital yuan seriously
The e-CNY will be more than just a paperless version of cash for China’s local economy. Its use in trade settlement poses a challenge to the dollar.
Swift sets out blueprint for central bank digital currency network
FINANCIAL messaging system Swift has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.
Crypto is failing where digital yuan may succeed
Cryptocurrency is still no match for the dollar but China could be the game changer on the horizon.
China should draft a digital yuan law, state bank official says
[BEIJING] China should draft new laws and regulations for the digital yuan to address privacy concerns and clarify how it operates, a senior Chinese state bank official proposed.
