China Wants US Lawmakers To Stay Off The Digital Yuan
China responded to US senators’ allegations that the digital yuan would be used as a tracking and tracing tool during the 2022 Beijing Winter Olympics. Even before the Olympic flame is lit at the 2022 Beijing Winter Games , tensions between US politicians and Chinese authorities are mounting. During a Tuesday news briefing, Chinese Foreign […]
White paper For digital Yuan has been released by the Chinese Central Bank
In pursuit and achieving its digital currency goals, the Chinese central bank has released the digital Yuans’ white paper. It is to note that earlier this month, the country had also begun pilot trials of the digital currency. The white paper for the People’s Bank of China’s (PBOC) future digital CNY was released today by […]
Digital Yuan to be tested among 10 Million users in China
China has expanded its digital yuan trials to 10 million users. Also, the government is nearing the end of the trial phase, and a nationwide launch might happen shortly. China is currently putting the CBDC, known as the digital yuan, to the test in a number of provinces around the country. According to the Chinese […]
ICBC rolls out over 3000 digital Yuan ATMs in Beijing
The Industrial and Commercial Bank of China (ICBC) has rolled out over 3000 ATMs in the capital city of China, Beijing. These Automated Teller Machines (ATM) activated across Beijing have been powered with a functionality that converts China’s digital yuan, also known as the e-CNY , into cash, and vice versa. As reported by the […]