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China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
Report Claims Russia and Iran Plan to Establish a Global Gas Cartel, Moscow to Launch Its Own Precious Metals Exchange
26.8.2022
Following Russian president Vladimir Putin’s statements at the end of June that indicated members of the BRICS nations have formalized plans to create a new “international reserve currency,” Russia is reportedly building the foundations of a global gas cartel with Iran....
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
26.8.2022
Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency. Residents and Visitors...
Major Chinese City’s Metro Begins Accepting Digital Yuan Payments
24.8.2022
The city of Ningbo, in China’s Northeast Zhejiang Province, has announced that all 125 of its metro stations now accept digital yuan payment – as the Chinese central bank digital currency (CBDC) continues its adoption drive....
Read More: Major Chinese City’s Metro Begins Accepting Digital Yuan...
Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons
18.8.2022
A Chinese state-owned commercial bank is set to pilot a digital yuan-powered “smart contract solution” that allows elementary school parents to pay for their children’s education using the e-CNY....
Read More: Chinese Parents to Use Digital CNY ‘Smart Contracts’ to Pay for After-school Lessons
Bank of China unveils new e-CNY smart contract test program for school education
16.8.2022
Under the pilot test, parents could enroll their children in after-school vocation programs via smart contracts
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
7.8.2022
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with...
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
3.8.2022
The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication
Official explains why China CBDC should not be as anonymous as cash
26.7.2022
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said
Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope
20.7.2022
Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks.
Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a...
Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News
15.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News
More than 2.6 million users signed up for the City of Shenzhen's digital yuan airdrop
14.7.2022
The city has about 18 million residents in its prefecture-level area
China's central bank to expand deployment of e-CNY
13.7.2022
Over 4,567,000 merchants across the country now accept the e-CNY as payment
Trend Forecaster Gerald Celente Says World War 3 Has Begun — ‘If the People Don’t Unite for Peace, We Are Finished’
9.7.2022
This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy after governments worldwide locked down the world’s citizens over...
Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan
6.7.2022
The central People’s Bank of China (PBoC) could be set to make use of smart contracts in its digital yuan project – an indication that blockchain technology could well end up playing a larger role than expected in the e-CNY’s future....
Read More: Chinese Central Bank May Apply Smart Contract...
Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump
22.6.2022
Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.
According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal...
Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1
3.6.2022
China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund
City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending
30.5.2022
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’
28.5.2022
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone...
Draft bill to ban China’s digital yuan from US app stores
27.5.2022
Three Republican senators introduced a bill to protect Americans from the "Authoritarian Digital Currencies Act."