Yuan

McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Oct 17, 2020 at 11:23
News
McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Global fast-food giants McDonald’s and Starbucks have never been included into the trials of digital yuan. None of the brands confirmed its participation in the testing program.
Coronavirus Speeding Up CBDC: G20 Designing a Framework
Oct 16, 2020 at 13:49
News
Coronavirus Speeding Up CBDC: G20 Designing a Framework
The forced digitizations of nearly all industries worldwide makes traditional players adjust and set standards for innovative solutions. Thus, the G20’s Financial Stability Board (FSB) is set for developing a framework for adopting CBDC.
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
Digital Yuan is Still Too “Green” to be Used for Large Transactions
Aug 25, 2020 at 09:21
News
Digital Yuan is Still Too “Green” to be Used for Large Transactions
The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.
Major Crisis Coming: Global Whales Turn to Bitcoin
Aug 23, 2020 at 10:43
News
Major Crisis Coming: Global Whales Turn to Bitcoin
The COVID-19 pandemic has changed the world a lot. The lockdown affected most global industries, having caused one of the biggest crises for the past decades. However, world financial experts predict the situation can become even worse and lead to the complete death of the US dollar.
China Is Approaching the Release of Digital Yuan by Expanding its Trials
Aug 16, 2020 at 11:09
News
China Is Approaching the Release of Digital Yuan by Expanding its Trials
As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.
Only Money: Scammers Tricked Over 100 Million Yuan out of Chinese People
Jul 09, 2020 at 14:40
News
Only Money: Scammers Tricked Over 100 Million Yuan out of Chinese People
The Ouhai police in Wenzhou, China, arrested 10 people belonging to a criminal gang running the Huobi Global Moving Brick Arbitrage HT Chinese Group Community scam project in Telegram. During the arrest, the police confiscated a luxury villa, cars, flagship smartphones, computers, as well as cryptocurrency totalling to over 100 million yuan.
China Adds Cryptocurrency to Inheritable Assets
May 30, 2020 at 08:39
News
China Adds Cryptocurrency to Inheritable Assets
According to the new Chinese civil code, the government has included cryptocurrencies such as Bitcoin (BTC) in its legally inheritable list of assets.
China’s Digital Yuan Has No Official Launch Date, Though in Progress
May 28, 2020 at 11:29
News
China’s Digital Yuan Has No Official Launch Date, Though in Progress
Although pilot tests for the digital Yuan have been launched and are happening progressively across four large Chinese cities, the governor of the Chinese Central Bank in a recent report by Xinhua news claimed no official date had been set for the launch of the long-awaited project.
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