Digital Yuan
China's CBDC Transactions Reach $14B as Uptake Slows: Report
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared with the 154% growth recorded in the last six months of 2021.
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People's Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
Bitcoin Bounces Back; S Korea Crypto Tax Delay
Bitcoin recovers above $20,000 after weekend slump. Elon Musk pumps life into dogecoin amid lawsuit. Chinese online retail giant JD.com tops $60 million in digital yuan sales during 618 shopping festival. South Korea’s 20% crypto gains tax pushed back another two years.
Survey: 9 Out of 10 Central Banks are Exploring CBDCs
According to a survey conducted in 2021 by the Bank for International Settlements, nine out of ten central banks globally are exploring central bank digital currencies (CBDC), with more than half of them currently developing the asset or running concrete experiments.
Binance Denies Russia Involvement; CoinDCX Talks Future Plans
Binance denies report on sharing client data with Russia. China pushes ahead with plans to showcase the e-CNY at September’s Asian Games. CBDCs and what they mean for the future of stablecoins. Investors double down on CoinDCX despite difficulties in India.
China’s E-CNY Push; India’s Crypto Tax Kicks In
China pushes forward with digital yuan in five more cities. South Korea’s committee studies proposals for crypto sector. NFTs enter bear market territory, but are things all bad? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Russian Bank Given Crypto License; China To Monitor Outflows
Russia’s sanctioned Sberbank obtains crypto license from central bank. China’s Weibo allows users to mint NFTs of their social media posts. China says it will closely monitor capital outflows following Fed hike, but what might that mean for the digital yuan?
US Bill Targets E-CNY; Russian Sanctions Hurting Public
Chainalysis launches free sanction screening tools. U.S. senators take aim at China’s digital yuan, while Russian sanctions highlight financial sovereignty issues. Tomorrowland to bring music to Web 3 with FTX Europe. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of The “Daily Forkast.”
China’s Digital Yuan Targeted in New Bill From 9 GOP Senators
The Say No to the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions.
Global Sanctions Against Russia Opened a New Door for China’s Digital Yuan?
Stanford Institute for Economic Policy Research Senior Fellow Darrell Duffie joins “First Mover” to discuss new research from the Hoover Institute regarding China’s digital yuan and the geopolitical implications of central bank digital currencies (CDBCs).