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Nalezeno "CBDC China": 130

Digital Yuan to Promote International Use of Chinese Currency, Experts Say

30.7.2021
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct...

China Offers Medics Digital Yuan Insurance Policy for Covid-19

21.7.2021
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech...

Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model

29.6.2021
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian...

China to hand out $6.2M in new digital yuan trial in Beijing

2.6.2021
Beijing residents should apply to participate in the lottery until midnight on June 7

Hong Kong to expand pilots for cross-border use of digital yuan

13.5.2021
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

11.5.2021
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg...

Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value

20.4.2021
The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief...

Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec

26.3.2021
Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year

Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official

24.3.2021
Privacy has been a discussion that has not gone unnoticed when it comes to the forthcoming launch of the digital yuan. The head of the People’s Bank of China-run Digital Currency Research Institute had firmly pointed out that anonymity cannot be guaranteed at all. Feature Seeks to Avoid...

Chinese banks pilot digital yuan at Shanghai department stores

11.3.2021
The Bank of Communications and China Construction Bank conducted digital yuan trials at two major department stores in Shanghai

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

23.2.2021
Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat

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...

Interoperability will determine CBDC winners and losers

2.2.2021
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage

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

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

6.12.2020
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online...

China's central bank plans digital yuan pilot for payments to Hong Kong

4.12.2020
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong

Chinese State-Run Media Believe BTC Price Surge Is Just ‘Hype’ While Praising Blockchain

3.12.2020
Two Chinese state-run media outlets have published a brief news item urging citizens to focus more on blockchain technology than on the “hype” of the recent surging Bitcoin prices across the board. China’s Government to Focus on Blockchain Both Sina and Xinhuanet have stated that...