E-CNY Financial News

28.11 / 18:15

CBDC PBoC e-CNY China’s CBDC Development is “Already On Track” and Nearing Completion: Ex-PBOC Governor

Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion.

26.10 / 10:37

Digital Cooper Platform country reports e-CNY International China Aiming for International Digital Yuan Expansion – e-CNY Going Global?

There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines.

25.10 / 01:09

Digital economy e-CNY Chinese Energy Giant PetroChina Sets New Precedent with e-CNY Crude Oil Deal

In a historical first, PetroChina – a Chinese-state-owned oil and gas company – has officially completed its first international crude oil trade using the digital yuan (e-CNY).

10.10 / 01:25

UPS Digital Citizens reports e-CNY China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC

Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.

02.02 / 21:49

business Blockchain CBDC Yuan e-CNY Chinese Communist Party officials issue KPIs for e-CNY transactions in Suzhou

According to local news outlet JS China, on Feb. 1, an annual meeting regarding the trial of the digital yuan central bank digital currency (e-CNY CBDC) was attended by senior Communist Party officials in the City of Suzhou. As part of the meeting outcomes, party officials have set a tentative key performance indicator (KPI) of 2 trillion CNY ($300 billion) for e-CNY CBDC transactions in the city by the end of 2023 to be implemented by municipal administrators through promotional efforts.

13.01 / 17:49

UPS Digital e-CNY China’s e-CNY app launches offline payments

The digital Yuan wallet was launched early 2022, and as of June last year was downloaded by 261 million individuals.

07.11 / 17:03

UPS Digital Cooper boost Cross-border e-CNY S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade

East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea.

23.08 / 23:07

business Blockchain Adoption testing e-CNY China begins next phase of CBDC testing with e-CNY payment for public transport

According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit routes, which is a first for the country. To do so, passengers simply need to download the e-CNY app, deposit funds and scan the QR code located in the bus payment section to pay for their ride.

16.08 / 20:37

Blockchain Adoption e-CNY Bank of China unveils new e-CNY smart contract test program for school education

According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China's Sichuan province, will be able to enroll their children in after-school or extracurricular lessons using the digital yuan central bank digital currency, or e-CNY.

08.08 / 17:39

Digital Waters e-CNY Fed mulls digital dollar to take on China’s e-CNY

WASHINGTON — Lawmakers are pushing the Federal Reserve to move swiftly toward issuing a digital dollar, to combat steps from China and others they say could one day threaten the US status as the global reserve currency.

14.07 / 02:11

Blockchain Technology Adoption e-CNY China's central bank to expand deployment of e-CNY

According to China's state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People's Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23. They are spread out across 15 out of 31 of China's provinces and autonomous regions. The PBoC is China's central bank and is responsible for the development of the e-CNY central bank digital currency, or CBDC. During Wednesday's press conference, Zou praised the success of the recent e-CNY rollout, stating:

21.01 / 00:41

Provident Digital Platform Mobile Winter Olympics e-CNY China: e-CNY final preparations underway ahead of Winter Olympics curtain lifter

China is nearing its e-CNY official debut when the Winter Olympics commences on 4 February, 2022.

06.12 / 22:28

Blockchain Digital Progressive Platform Winter Olympics e-CNY China’s e-CNY efforts on war footing, but here are the issues that need solving

China has taken several steps to successfully implement its digital Yuan, despite some setbacks in the past. Now, the Beijing Winter Olympics is set to take center stage in February. According to Fan Yifei, a Deputy Governor at the People’s Bank of China (PBOC), infrastructure construction for e-CNY use during the Winter Olympics has entered the “sprint stage.”

04.12 / 12:47

UPS Provident Digital Platform Winter Olympics e-CNY Is China e-CNY CBDC effectively competing with WeChat Pay and AliPay

China has become the frontrunner when it comes to the global CBDC race. China’s e-CNY is expected to witness a full-fledged launch by February 2022. However, so far, it has already conducted several large-scale trials in its advanced pilot stage.

26.11 / 21:27

UPS Digital Bitcoin boost e-CNY digital asset exchange China considers setting up digital asset exchange to boost e-CNY adoption

A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there. In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing.

10.11 / 16:17

Digital Progressive e-CNY China e-CNY follows this principle, work on multi-CBDC bridge in progress

The world has been watching the rapid rollout of China’s digital yuan, across the country. However, this was also reportedly followed by the country’s first crime involving the CBDC. According to reports, Xinmi Public Security working with the Anti-fraud Center of the Zhenzhou Public Security Bureau arrested 11 people in early November for laundering the CBDC.

03.11 / 21:33

Citi Digital Citizens e-CNY China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan

The Chinese government may want to reconsider the security of its central bank digital currency [CBDC] in the backdrop of Xinmi police’s crackdown on the first-ever case of money laundering using the digital Yuan.

E-CNY Financial News

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