Yuan | ForkLog

ForkLog 12 30.08.2021

China plans global mobile-payments network based on digital yuan

China plans to create an international clearing and settlement network for mobile payments using the digital yuan. CoinDesk reports, citing Renmin Ribao.

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ForkLog 10 27.08.2021

Digital yuan vs Alipay and WeChat: peaceful coexistence or a fight for survival

In a few months, during the Winter Olympics in China, the digital yuan – e-CNY – could be launched. In this context, experts and market participants ask a natural question: how will this affect the current leaders in mobile payments in China—Alipay and WeChat? In the People’s Bank of China’s drive to offer a currency that requires no intermediaries, a direct threat to these firms appears.

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ForkLog 8 23.08.2021

China tests digital yuan in settlements for commodity futures trades

Participants on the commodity exchange in Dalian (DCE) have for the first time used the digital yuan to pay the commission for delivering goods under a futures contract, according to the China Securities Journal.

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ForkLog 6 13.08.2021

Honor to release first smartphone with digital yuan wallet

The Chinese smartphone brand Honor will release the first smartphone with digital yuan support.

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ForkLog 5 04.08.2021

Beijing authorities have fully integrated the digital yuan into the payment ecosystem as CBDC testing is enhanced.

Beijing authorities have fully integrated the digital yuan into the payment ecosystem as part of improvements to CBDC testing.

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ForkLog 7 28.07.2021

US lawmakers warn of lag behind China in CBDC development

Members of the U.S. House committee on National Security, International Development and Monetary Policy expressed concern about China's leadership in developing a national digital currency (CBDC). The Block reports.

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ForkLog 7 21.07.2021

China calls US bid to ban athletes from using the digital yuan unfounded

Chinese Foreign Ministry spokesman Zhao Lijian criticized American politicians for attempting to ban US athletes from using the digital yuan at the Beijing Olympics.

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ForkLog 5 20.07.2021

Senators urge banning US athletes from using the digital yuan

The United States Olympic and Paralympic Committee should ban athletes from using the digital yuan (DCEP) during the Winter Olympics in Beijing. This was stated by Republican Senators Marsha Blackburn, Cynthia Lummis, and Roger Wicker.

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ForkLog 19 16.07.2021

PBoC publishes first white paper on the digital yuan

The PBoC's R&D working group for the DCEP published a technical paper on the national digital currency.

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ForkLog 14 02.07.2021

China to trial digital yuan with restricted use cases

Authorities in Chengdu, the capital of Sichuan province, will distribute 12 million digital yuan ($1.85 million) among residents. A defining feature of this distribution is the programmable use cases of the CBDC.

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ForkLog 10 30.06.2021

Beijing and Suzhou extend metro payments to the digital yuan.

Participants in the Beijing CBDC trial can pay fares on all metro lines using CBDC. The corresponding decision was adopted by the capital's municipal authorities.

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ForkLog 8 18.06.2021

Beijing ATMs gain option to convert yuan into CBDC

Industrial and Commercial Bank of China (ICBC) has added the ability to convert yuan into a digital version (CBDC) and back at more than 3,000 ATMs in Beijing.

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