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Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund
27.2.2021
As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam. Bogus Platform Is Set to Be Launched in March, Say Scammers...
Digital Yuan Scammers Gathering Momentum as Token Rollout Nears
25.2.2021
Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes.
The digital token is nearing...
Ant-backed MYbank to help China expand digital yuan trial
22.2.2021
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot
Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD - Researcher
18.2.2021
Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay...
Chinese bank tests biometric hardware wallet for digital yuan payments
17.2.2021
Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency
Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
9.2.2021
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan...
Hardware wallet for digital yuan debuts in Xiong’an New Area
8.2.2021
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
3.2.2021
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved
Geopolitics at Stake in US Response to China’s Digital Yuan: Report
27.1.2021
From privacy to political power, China’s digital yuan will have far-reaching implications
Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021
24.1.2021
The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report
Digital Yuan Compatible with at Least Eight Chinese Bank Platforms
23.1.2021
As many as eight commercial Chinese banks may be working on their own digital yuan wallets or banking platforms that can interoperate with the token, with banking groups outside the “big four” also set to roll out their own smartphone-based offerings.
The country’s four biggest banks,...
While China's CBDC sets the pace, the yuan stumbles in usage abroad
21.1.2021
The past two years were much harder on the dollar, however
Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M-Worth in Prize Draw
21.1.2021
Being held as a public pilot of the central bank digital currency, lottery entrants can apply to win 200 digital yuan each
Chinese cities continue to promote digital yuan through festive lotteries
21.1.2021
The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
20.1.2021
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real...
Bank of France settles $2.4M fund in central bank digital currency pilot
19.1.2021
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology
Gold Exceeds U.S. Dollars in Russia’s Reserves as Putin Focuses on De-Dollarization
17.1.2021
Russia is now holding more gold than U.S. dollars in its reserves for the first time, according to the latest report by Russia’s central bank. Russian President Vladimir Putin has made de-dollarization his country’s key policy to reduce the Russian economy’s exposure to the U.S....
China turns up pace on CBDC release, tests infrastructure prior to adoption
16.1.2021
The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond
US Fed: CBDC a ‘very high priority’ to combat bad private sector money
15.1.2021
The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell
Further Details of ‘Offline’ Chinese Digital Yuan ‘Hard Wallet’ Emerge
14.1.2021
The masterminds behind the digital yuan – the forthcoming Chinese central bank digital currency – have provided further explanation about a new “hard” wallet, which makes no use of smartphone technology.
Per Tencent’s media arm, the hard wallet, which resembles a conventional credit card but for...