Digital Yuan News

17.03 / 17:39

CBDC China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?

Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.

07.03 / 15:39

JD.com JD.com & Bank of China Join Mainland China-Hong Kong Digital Yuan Pilot

Major business players are joining the Hong Kong-Mainland China “cross-border” digital yuan pilot – including the e-commerce giant JD.com and the Bank of China.

02.03 / 14:25

CBDC Adoption China's Digital Yuan Fails to Gain Traction with Hong Kong Visitors – Is China's Digital Currency Facing a Roadblock?

Shenzhen, China started offering physical cards and discounts to Hong Kong tourists in order to drive the cross-border use of its digital yuan - but the first few days seem to have been a bit slow.

27.02 / 17:27

CBDC China’s Digital Yuan Can Now Be Used to Pay Highway Toll Fees on Major Routes

China’s digital yuan adoption drive is now focusing on transport networks. And drivers have been green-lighted to use the token to pay tolls on some of the nation’s busiest highways.

17.02 / 14:19

China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot

Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.

08.02 / 17:51

UPS Digital Software Winter Olympics network Electricity- and Network-free Digital Yuan Payments Taking off in China – Report

Electricity-free digital yuan payment adoption is reportedly on the rise in China – where smartphone users can spend their coins without a network connection.

03.02 / 17:19

Blockchain Citi Digital Enterprise Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023

The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year.

01.02 / 14:15

UPS Citi Digital Citizens Changsha, China: 300,000 of Our Merchants Accept Digital Yuan

Over 300,000 stores and vendors in Changsha, China, now accept digital yuan payment – as the central bank digital currency continues to break new ground in the country.

13.01 / 17:57

CBDC Update Lets Digital Yuan Users Pay with Mobiles – Even When Their Battery’s Flat

Another update to China’s digital yuan app is allowing users in pilot zones to pay using their cell phone – even if their devices have run out of battery or have no mobile signal.

11.01 / 17:19

Digital Yuan Pilot Expands into Wealth Management, Securities & Education

The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education.

06.01 / 13:55

Digital Platform Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway

The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit.

19.12 / 17:37

CBDC China Adds More Cities to its Digital Yuan Pilot

More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality.

13.12 / 13:59

Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions

An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform.

22.11 / 17:11

Citi Digital Shanghai Readies New Digital Yuan Giveaway

Shanghai, China’s biggest city and its most powerful financial hub, is set to give away digital yuan tokens to 7000,000 of its residents later this week.

13.10 / 13:14

CBDC China’s Central Bank Digital Yuan Transactions Surpass $14 Billion

China's digital yuan has processed over 100 billion yuan (close to $14 billion) worth of transactions so far, becoming the most widely adopted central bank digital currency (CBDC) across the globe.

20.04 / 02:15

CBDC Adoption International NOT Ex-Chinese Central Bank Chief Says Digital Yuan Not Intended for International Trade

The former governor of the central People’s Bank of China (PBoC) has reiterated claims that the forthcoming digital yuan has been designed primarily for retail use by domestic and even international users – not for cross-border trade purposes.

29.03 / 04:09

CBDC Adoption UnionPay Launches Self-service Platform for Merchants to Add Digital Yuan Pay Options

Chinese businesses are finding more uses for the digital yuan – with merchants being offered services that allow them to sign up to receive central bank digital currency (CBDC) payments through third-party operators.

30.11 / 04:13

CBDC SBI Group SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe

The CEO of the Japanese financial heavyweight and crypto player SBI Holdings Yoshitaka Kitao has spoken out about central bank digital currencies (CBDCs) – and says China is currently leading the world in digital fiat technology.

facts about Digital Yuan

Who is Digital Yuan?

Digital Yuan is a media figure featured in various informative articles related to current events.

Why is Digital Yuan attracting attention?

Digital Yuan frequently draws public interest due to public appearances, which raises concern among experts and the public.

Where can I find the latest news about Digital Yuan?

Our website has a dedicated section featuring all publications related to Digital Yuan. We continuously monitor developments and update the information as it becomes available.