Yuan | ForkLog

ForkLog 7 30.12.2022

Former PBOC analyst says interest in the digital yuan is tepid

The total volume of transactions in e-CNY over two years amounted to just over CNY 100 billion ($14 billion), which is 'not ideal'. This conclusion was reached by the former director of research at the PBOC, a finance professor at Tsinghua University, Se Ping, Caixin reports.

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ForkLog 7 23.11.2022

Shanghai to distribute digital yuan via red-envelope lottery

Shanghai authorities will distribute the national digital currency (e-CNY) to seven million residents through a red-envelope lottery awarding 108 yuan to each participant (~$15). This was reported by Cryptonews, citing local media.

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ForkLog 3 31.10.2022

PBOC stresses privacy balance in digital yuan development

The People's Bank of China, in developing the digital yuan (e-CNY), must strike a delicate balance between privacy and the fight against illicit activity, Yi Gang said, Bloomberg reports.

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ForkLog 4 13.10.2022

e-CNY transaction volume tops $14 billion

By the end of summer 2022, the cumulative volume of e-CNY transactions reached 100.04 billion yuan (about $14 billion), according to the People's Bank of China.

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ForkLog 11 20.09.2022

China expands digital yuan testing to four provinces

The Chinese provinces Sichuan, Hebei, Jiangsu and Guangdong will begin testing the digital yuan (e-CNY). The South China Morning Post, citing deputy governor Fan Yifei, reports.

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ForkLog 6 19.09.2022

Australian senator warns digital yuan poses national-security risk

Australian Senator from New South Wales Andrew Bragg announced a new bill on digital assets, including measures targeting the digital yuan.

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ForkLog 8 24.08.2022

Guangzhou buses to accept digital yuan payments

Guangzhou authorities gave public transit passengers the option to pay fares with the digital yuan (e-CNY). Local media report this.

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ForkLog 7 30.05.2022

Shenzhen to distribute ‘red envelopes’ as part of digital yuan testing

The Shenzhen authorities will conduct another test of the digital yuan (e-CNY). Local media report this.

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ForkLog 9 27.05.2022

US Congress to consider ban on the digital yuan in app stores

A group of Republican senators introduced to the US Congress a bill that would require app stores to exclude the use of the digital yuan (e-CNY), as well as any apps with such functionality.

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ForkLog 5 18.04.2022

Former Chinese central bank chief sees no threat to SWIFT or other currencies from the digital yuan

The digital yuan is primarily intended for individuals and merchants, not to replace SWIFT or turn currency into a weapon. This was stated by former People's Bank of China governor Zhou Xiaochuan, Forkast reports.

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ForkLog 7 08.04.2022

The Paper Dragon: Can the digital yuan become the world’s leading reserve currency

Against the backdrop of dollar inflation and sanctions against Russia, experts are discussing more actively possible changes to the global monetary system. ForkLog has analysed how justified the talk of the 'death' of the dollar is and whether the Chinese yuan, specifically its digital version, could take the place of the main reserve currency.

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ForkLog 8 07.04.2022

WeChat joins the e-CNY testing programme.

The WeChat communication system, owned by the Chinese tech giant Tencent, has joined the testing of the digital yuan. Users of the app in the pilot programme regions can use the instrument as a payment method.

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