e-CNY News

According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced regions by the end of the year. e-CNY Set To…

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…

In recent times, China has looked towards expanding its digital yuan usage trials by paying the wages of government employees using the currency. There are reports of the e-CNY also gaining adoption in hospitals and other municipal services.  China Expands…

Three U.S. Senators are clamoring for a ban on the use of China’s upcoming central bank digital currency (CBDC) for American athletes at the forthcoming Beijing Winter Olympics in 2022.  E-CNY Not for U.S. Athletes The senators expressed their concern…

The People’s Bank of China (PBOC), China’s central bank, has published a white paper on its upcoming central bank digital currency (CBDC), otherwise known as the digital yuan or e-CNY.  Notably, the document revealed that the project utilizes smart contract…