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China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k
17.7.2023
The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues.
Per Changzhou Evening News (via JSChina), the city is hoping to boost CBDC spending during an upcoming...
Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet
12.7.2023
The Chinese central bank has unveiled an offline SIM card-based digital yuan “hard” wallet solution that lets users pay with the central bank digital currency (CBDC) with powered-down phones.
The innovation could eventually allow 2G phone-owning citizens to use their handsets to use the token when...
Chinese Banks Join Beijing’s Efforts to Integrate CBDC With Social Security Cards
6.7.2023
Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.
Late last month, the Chinese Ministry of Human Resources and Social Security said it wanted to “explore and promote”...
DBS Bank China Launches Digital Yuan Merchant Collection Solution
5.7.2023
Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.
The new payment solution will allow mainland Chinese businesses to receive payments in the central bank digital currency (CBDC).
The DBS merchant collection platform allows...
Chinese Firms Using Digital Yuan to Pay Electricity Bills
30.6.2023
Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).
Per the news outlet Dizo, the city of Suzhou’s Xiangcheng District’s drainage and sanitation companies recently used...
China Looks to Add Digital Yuan Functionality to Social Security Cards
30.6.2023
China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC).
Per the 21st Century Business Herald (via NBD), the Ministry of Human Resources and Social Security wants to “explore and promote” ways...
Chinese Banks Roll Out More Digital Yuan Wealth Management Options
16.6.2023
Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out.
Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB)...
China to Showcase Digital Yuan at Summer World University Games
15.6.2023
Student athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu.
Per the Chinese media outlet The Cover, the games will become the first “major international sports event” to “officially...
Chinese Police Warn of a Rise in Digital Yuan-themed Scams
13.6.2023
Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace.
Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.”
They said one recent scam...
China Hopes Hard Wallets Will Spur Digital Yuan Adoption – CBDC Focuses on ‘Elderly & Children’
13.6.2023
A Chinese city says it is rolling out offline digital yuan “hard wallets,” with the nation targeting CBDC uptake among “elderly citizens and children.”
Per Changsha Evening News, the city of Changsha, Hunan Province, has announced it will debut “elderly and children-friendly” digital yuan hard...
Chinese Charities Accepting Digital Yuan Donations – More CBDC Firsts to Come?
10.6.2023
Chinese charities are now accepting digital yuan donations, with the nation’s CBDC also breaking new ground in the world of corporate loans.
Per the media outlet WXRB, the coastal province of Jiangsu has welcomed its first “online corporate and personal digital yuan donations platform.”
At...
Chinese Healthcare, Energy Firms Enable CBDC Pay – Digital Yuan Adoption Accelerating?
28.5.2023
Chinese healthcare and energy sector providers will allow patients and customers to pay with the digital yuan, in new breakthroughs for the nation’s central bank digital currency (CBDC).
Per the Chinese media outlet WXRB, both outpatients and hospitalized mental healthcare patients can now use...
Chinese Autonomous Region of Guanxi to Adopt Digital Yuan in Push for ASEAN Trade Integration
20.5.2023
The Chinese autonomous region of Guanxi, located in the south of China, will implement a wide adoption plan for the digital yuan, that includes a push for using it as a trade currency with countries part of the ASEAN bloc. This pilot plan looks to be part of the experimentation to step up the usage...
Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?
18.5.2023
Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives.
In an interview with the Chinese media outlet Stockstar, one of the firms at the center of...
Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
17.5.2023
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from...
Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region
16.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round...
Chinese Province Unveils Digital Yuan Adoption Plan & City Says ‘All’ Buses Now Accept CBDC
10.5.2023
Chinese provinces are continuing to push digital yuan adoption, with the central bank digital currency (CBDC) set to find new uses in the worlds of education and public transport.
Per the media outlet Do News, the coastal province of Jiangsu has promised to launch a platform that will allow...
Banking Giant BNP Paribas to Launch China CBDC Wallet Platform – A Boost for the Digital Yuan?
5.5.2023
The Chinese arm of the French banking titan BNP Paribas announced it will launch a digital yuan wallet management platform, in another boost for China’s central bank digital currency (CBDC).
Per Shanghai Securities Net, BNP Paribas China will be teaming up with the state-owned commercial bank...
Hebei, China, Issues Digital Yuan Discount Coupons
3.5.2023
The Chinese province of Hebei is attempting to spur digital yuan adoption by issuing residents central bank digital currency (CBDC) discount coupons.
The coupons, Hebei Daily News reported, will see citizens in Baoding’s Xiong’an New District enjoy subsidized discounts of up to $73.
They can...
China’s WeChat to Allow More In-app CBDC Payments – Digital Yuan Pilot “Accelerates”
27.4.2023
The Chinese tech giant Tencent has stated that its WeChat ecosystem will let users make digital yuan payments on applets and video channels.
The move will allow WeChat users to pay via in-app applets using the Chinese central bank digital currency (CBDC).
They will also be able to use the CBDC...