Tencent Starts Test Program For Digital Yuan Wallet
On April 14, Tencent announced that it had rolled out a wallet that lets users execute transactions using China’s central bank digital currency. While undergoing A/B testing, the Tencent e-CNY ...
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Tag: digital Yuan
Fed Introduces Discussion Paper On Benefits And Risks Of A Digital Dollar
The United States Federal Reserve (Fed) has successfully unleashed its highly anticipated official CBDC discussion paper. The Fed now intends to gather public opinions on benefits and possible risks related ...
Fed Ready To Create Digital Dollar, Awaits Congress Approval
The United States Federal Reserve (Fed) has confirmed that it is now ready to develop a possible central bank digital currency (CBDC). The CBDC is also known as the “digital ...
China Reached A Milestone Of 140M Digital Yuan Wallets – PBoC Official
The total number of digital yuan accounts in China has surged by nearly seven times since the end of June this year. Digital yuan wallets increased to reach 140 million ...
Stablecoin Adoption To Dominate The Future Of Financial Inclusion
With proper regulation set in place, stablecoins can manage to fulfill their promise and ensure that more funds will reach all those in greatest need. Currently, institutional interest in the ...
Shenzhen People’s Bank Of China Targets Illegal Cryptocurrency Companies
The Shenzhen branch of the People’s Bank of China (PBoC) appears to be taking a hard-line approach to crypto-related activities that are perceived to be illegal. Based on a report ...
How Will Samsung Help The Bank Of Korea With Its CBDC Development
The Bank of Korea’s central bank digital currency (CBDC) project started at the end of July 2021 and has been gaining traction ever since. According to an official report by ...
China Is Now Paying Xiong’an Builders Using Digital Yuan
China has accelerated its developments and advancements in the blockchain space and has been vocal about the technology. The country is gradually rolling out its central bank digital currency (CBDC), ...
Hong Kong Includes CBDC In Fintech Strategy
On June 8, reports emerged that the Hong Kong Monetary Authority (HKMA) has unveiled its “Fintech 2025” strategy. Interestingly, retail and wholesale central bank digital currencies (CBDC) have been included ...
Alipay Will Enable Users To Test China’s Digital Yuan
The mobile payment platform owned and operated by Ant Group, Alipay, is expected to let some of its users participate in the emerging digital yuan commerce ecosystem. Based on a ...