Chinese workers paid in CBDC are cashing it out for real money: Report

Some participants of Chinas CBDC pilot program are reportedly hesitant to hold onto the digital yuan, citing a range of concerns with using the state-backed digital currency.

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China to gain most from restrictive US crypto regulations: Coinbase CEO

The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.

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Shanghai Clearing House Introduces Support for Digital Yuan Settlements

The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central bank digital currency (CBDC), in international markets. Shanghai Clearing House to Support Digital Yuan

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Shanghai Clearing House Launches Commodities Trading in Digital Yuan

On Monday, the Shanghai Clearing House, a financial services clearing counterparty under China’s central bank, began digital yuan clearing and settlement services for trading in [...]

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China expands digital yuan usage for cross-border trade

China is promoting the use of its digital yuan, also known as e-CNY, for cross-border trade in its Belt and Road initiative. The city of Xuzhou plans to allow the use of e-CNY to pay for services and storage charges for goods carried by cross-border trains, with plans to extend its usage to pay taxes and utility services in the city. The Hong Kong Monetary Authority is also testing the digital yuan as a cross-border payment tool in the Guangdong-Hong Kong-Macau Greater Bay Area, while the Chinese government ramps up its CBDC efforts amid a shift away from the U.S. dollar in international trade markets. (Read More)

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US Senator Ted Cruz tries again with new bill to block CBDC

Ted Cruz said it is “more important than ever” to ensure the financial privacy of American citizens is preserved.

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WeChat Adds Digital Yuan Payment Functionality

WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)

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China’s WeChat Pay Integrates Digital Yuan for CBDC Adoption

WeChat Pay has integrated the digital yuan app, driving the adoption of the CBDC among its 1 billion users.

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US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head

Fanusie doesn’t believe the Chinese-led CBDC movement on the global stage will replace the U.S. dollar, but it may cause a series of geopolitical headaches.

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China doles out millions in digital yuan in bid to boost adoption: Report

Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.

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China’s Digital Yuan Adds Smart Contract Capabilities

China's CBDC, the digital yuan, sees another in a long line of real-world use cases.

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Bank of Japan to Launch Digital Yen Pilot Program Next Year

The Bank of Japan is preparing to run a test trial of its own central bank digital currency (CBDC), the digital yen, with help from three top banks and regional institutions. The pilot program, estimated to last two years, will focus on testing the currency via several transactions, and experimenting with its functionality in environments

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Does the Digital Yuan Threaten Freedom?

Are you wondering if the digital Yuan threatens freedom? Here is a guide on whether the digital Yuan threatens freedom.  Lately, people across the globe are recognizing Bitcoin and other cryptocurrencies’ emerging utility. This virtual currency has faced significant challenges in the past thirteen years, including huge price drops and bans from China. However, this […]

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PBOC Governor Says Digital Yuan Will Prioritize Privacy Protection

China's PBoC Governor Yi Gang has reassured that the country's Digital Yuan will prioritize privacy protection (Read More)

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China's Digital Yuan Has Topped Over $14 Billion in Transaction Volume

The Chinese Central Bank Digital Currency (CBDC) also known as the e-CNY has hit close to $14 billion (100.04 billion Yuan) from 360 million transactions as it gains widespread acceptance in country (Read More)

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China arrests 93 people suspected of laundering 40B RMB via crypto

China’s Hengyang County Public Security Bureau arrested 93 suspects involved in laundering 40 billion RMB via cryptocurrencies, local media reported on September 25.

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Australia Could Soon Regulate Stablecoins and the Digital Yuan

Andrew Bragg published a bill on Monday that aims to regulate cryptocurrency exchanges, stablecoins and the digital yuan.

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China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product

In China, the Digital Currency Research Institute of the People's Bank of China has launched a digital renminbi smart contract prepaid fund management product - "Yuanguanjia". (Read More)

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Think tank launches ‘technical sandbox’ exploring United States CBDCs

The Digital Dollar Project's Technical Sandbox Program is set to begin in October aiming to provide a clearer understanding of the ramifications of a United States CBDC.

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China to Airdrop $30 Million of Digital Yuan to Revive Locked Down Economy

Three types of red envelopes containing 88, 100 or 128 digital yuan will be distributed in Shenzhen district.

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