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Digital Yuan
China to Build Global Clearing Network for Mobile Payments Using Digital Yuan
According to the People's Daily, China aims to build an international clearing and settlement network for mobile payments using the digital yuan, saying renminbi (RMB) internationalization is inevitable. Meanwhile, the central government is tightening its grip on control as it's now issuing guidance for time spent on video games. "The Hash" hosts discuss the latest on China's central bank digital currency (CBDC) pilot, its implications for global finance, and if China's political model impedes innovation.
Korea’s Love for Crypto Continues, Crypto Exchange Bilaxy Hacked
Data shows Korean love of crypto remains strong, despite new regulations. China banks release data on e-CNY progress. Hong Kong-based Bilaxy crypto exchange suffers US$21 million hack. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
China to Build Global Clearing Network for Mobile Payments, Using Digital Yuan: State Media
RMB internationalization is inevitable, wrote People’s Daily.
Digital Yuan Used in China's Domestic Futures Market for First Time: Report
The interbank payment using the e-CNY afforded a zero cost, efficient and convenient payment option in real time, according to the report.
Upbit Submits Compliance Report, China’s E-CNY Trials Broaden
South Korea’s Upbit first to submit a compliance report to the Financial Intelligence Unit. Crypto market on a roll as Bitcoin breaks US$50,000 mark, and China’s e-CNY trials continue to broaden. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Cuáles son las monedas que podrían reemplazar al dólar como principal reserva de valor
La participación de la moneda estadounidense en las reservas mundiales no ha dejado de disminuir desde hace años. ¿Tomará el euro, yuan o bitcoin su lugar en el centro de las finanzas mundiales?
35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report
Another 94 banks plan to access the CBDC via a clearing platform.
Ranking the Currencies That Could Unseat the Dollar
The dollar's share of global reserves has declined steadily for years. Will the euro, yuan or bitcoin take its place at the center of global finance?
Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet
The PBoC has been pushing for hardware applications of the digital yuan.
China Continues E-CNY Pilot, Google Allows Crypto Advertising
China’s e-CNY trials continue. Google allows crypto advertising back, and Oscar Mayer rolls out “hot doge” sale. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."