Digital Yuan


Policy

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

Hong Kong harbor skyline view into Kowloon

Policy

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

Most early users immediately transfer the digital yuan balances to their bank accounts to spend as cash.

China digital yuan (Eliza Gkritsi/CoinDesk)

Policy

Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report

Yao Qian is reportedly being investigated for "violations of discipline and law."

China renminbi bills (Moerschy/Pixabay)

Finance

Standard Chartered China Offering Exchange Services for Digital Yuan

The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.

Standard Chartered (Shutterstock)

Finance

PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report

PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange

Yuan

Finance

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system

(Shutterstock)

Policy

China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan

Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.

(Eliza Gkritsi/CoinDesk)

Markets

First Mover Americas: Three Arrows' Founders Take Slingshot From Crypto Community

The latest price moves in crypto markets in context for Jan. 17, 2023.

Three Arrows Capital's founders are taking shots from the crypto exchange over their planned exchange. (CoinDesk archives)

Policy

China's Digital Yuan Used to Buy Securities for the First Time: Report

Last week, the country also added a function to its e-CNY payment app that allows users to make payments offline.

(Eliza Gkritsi/CoinDesk)

Videos

Yifan He: China, Blockchain and BSN – Part 2

As China’s dominance in the world of blockchain grows, the question that everybody is asking is - can one be tracked by this technology? Watch what Yifan He, who is building Chinese Blockchain Based Service Network or BSN & taking it to the world, has to say in this conversation with Forkast’s Angie Lau. Find out why he doesn’t believe in cryptocurrencies & why non-crypto blockchains are going to be what traditional industry & systems back on. And what are the synergies and links there are, if any, between the Digital Yuan & BSN.

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