
Digital Yuan News
Latest Digital Yuan News

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Read more - Standard Chartered China provides digital yuan exchange services
Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China's CBDC into the global financial system.

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Read more - U.S. policymakers introduce bill targeting China’s digital yuan
Senator Rick Scott introduced a prohibition act seeking to bar U.S. financial service operators from interacting with China’s central bank digital currency (CBDC).

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Read more - China FX regulator supports CBDC amid monetary policy
A Chinese foreign exchange regulator official showed its support for the CBDC development, the digital yuan. Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), explained to the CNA agency that some of the main features of…

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Read more - Tencent launches credit solution for digital yuan
WeChat operator, Tencent, announced the launch of a new digital yuan smart contract enterprise credit solution platform. The new platform aims to bring a more convenient and efficient financing service for small and medium-sized enterprises. The project will use the…

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Read more - China launches first digital currency industrial park
China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province.

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Read more - Chinese central bank exec aims for digital yuan retail expansion
Changchun Mu, an executive from the People’s Bank of China (PBOC), stated that the digital yuan needs to be available in retail scenarios. According to the local source Paper, Mu explained at a trade forum in Beijing that the central…

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Read more - China’s digital yuan hits $250 billion in transactions
China's central bank governor Yi Gang has announced transactions worth almost $250 billion have occurred with the country's digital yuan since the start of its pilot 18 months ago.

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Read more - Shanghai to integrate blockchain as Hong Kong becomes crypto hub
China’s Shanghai has released guidelines for integrating and promoting innovative technologies like blockchain, the metaverse, and digital yuan. The Chinese government has outlawed bitcoin (BTC) and other digital assets. Still, it recognizes the potential of blockchain technology. Currently, the country…

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Read more - Shanghai Clearing House adds support for digital yuan in commodity trading
Shanghai Clearing House, a financial institution under China’s central bank, has introduced digital yuan clearing and settlement services for commodity trading, enhancing cross-border transactions and promoting the internationalization of China’s currency. China expanding digital yuan adoption The Shanghai Clearing House…

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Read more - Florida governor supports state bill banning CBDCs
Governor Ron DeSantis of Florida has voiced his backing for a proposed bill that seeks to prohibit the use of CBDCs as a form of currency within the state

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Read more - Chinese City to pay civil servants using digital yuan
Changshu City in Jiangsu Province, East China, will begin paying all public sector personnel in e-CNY, better known as digital yuan, from May 2023

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Read more - China launches digital yuan promotion across nation
According to reports in the media on Sunday, several cities in China launched digital yuan activities to promote usage during the Spring Festival holidays.

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Read more - Former PBoC official: digital yuan not widely used in China
According Xie Ping, to a former official of the People's Bank of China (PBoC), the Digital Yuan is underused by the Chinese.

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Read more - Yi Gang: The Digital Yuan Would Provide Controllable Anonymity
Yi Gang, People's bank of India governor, discussed the development of Yuan digital currency and hinted on the possibility of it serving as a currency substitute. This comes months after China's central bank governor stated something similar.

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Read more - China to Airdrop 30 Million Digital Yuan to Increase Consumer Spending
The city of Shenzhen will be airdropping 30 million digital yuan to residents as a way to increase people’s consumption and support businesses. Shenzhen Residents to Receive 30 Million Digital Yuan According to local news outlet Shanghai Securities News, Shenzhen…

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Read more - U.S. Republican Senators Propose Bill to Ban China’s Digital Yuan Use in America
United States Senators have on May 26, 2022, introduced a new bill aimed at stifling the adoption of China’s central bank digital currency (CBDC), e-CNY in America. If passed, the “Defending Americans from Authoritarian Digital Currencies Act” will make it…