Yuan

Inside China's Crypto Mining Industry Crackdown: What Exactly Makes Beijing Ban Operations?
Jun 30, 2021 at 12:24
News
Inside China's Crypto Mining Industry Crackdown: What Exactly Makes Beijing Ban Operations?
Although China has cracked down on cryptocurrencies in recent years, it remains the largest bitcoin mining country in the world, with more than 65% of the total hashrate.
Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan
Jun 11, 2021 at 14:28
News
Winter Olympics Tickets to Be Sold for State-issued CBDC Digital Yuan
In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
May 30, 2021 at 10:01
News
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.
China Eyes February 2022 Beijing Olympics for Digital Yuan Launch but Is It Still Viable Amidst COVD-19 and Rising anti-China Movements?
May 03, 2021 at 15:03
News
China Eyes February 2022 Beijing Olympics for Digital Yuan Launch but Is It Still Viable Amidst COVD-19 and Rising anti-China Movements?
Since the outbreak of the coronavirus in its central city of Wuhan, China became a target of blame by the world. While Beijing hosts the 2022 Winter Olympic Games next February, it is doubted that many will visit the Asian country. This puts the plan to present the digital yuan to the world at stake.
China Getting Closer to the Release of a Digital Yuan: Trials Extended
Jan 12, 2021 at 15:30
News
China Getting Closer to the Release of a Digital Yuan: Trials Extended
As many countries are competing to see who will be the first to launch an effective working central bank digital currency (CBDC), China seems to be in the lead of this game. The country has carried out several trials of its digital yuan in different parts of the country.
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.
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