Yuan | ForkLog

ForkLog 12 07.12.2020

People’s Bank of China and Hong Kong to deploy the digital yuan in cross-border payments

The Hong Kong Monetary Authority (HKMA) is discussing testing the digital yuan with the People's Bank of China. The asset is planned for use in cross-border payments, CoinDesk reports.

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ForkLog 5 03.12.2020

Bloomberg: Digital yuan rollout will reshape Macau’s gaming industry

Operators of the world's largest casino hub are concerned about the possible introduction of a digital currency backed by China's central bank in Macau, Bloomberg reports citing its own sources.

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ForkLog 9 23.11.2020

Suzhou to pilot digital yuan distribution through red packets

On December 12, the authorities of the Chinese city of Suzhou will distribute the digital yuan among its residents. The red-envelope lottery will be timed to the year-end sale season, The Block reports, citing local media.

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ForkLog 11 02.11.2020

PBOC governor reports 4 million digital yuan transactions

Yi Gang, governor of the People's Bank of China, said that users completed more than 4 million digital yuan transactions in the pilot program implemented in four cities. Bloomberg reports this.

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ForkLog 8 30.10.2020

Huawei adds digital yuan support to its Mate 40 smartphone

The tech giant Huawei unveiled the Mate 40 smartphone with a built-in hardware wallet for China's central bank digital currency, according to The Block.

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ForkLog 8 29.10.2020

People’s Bank of China warns of counterfeit wallets for the digital yuan

Although the digital yuan is still in the pilot phase, counterfeit wallets have already appeared. Mu Changchun, director of the CBDC Institute at the People's Bank of China, said this, according to 8btc.

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ForkLog 10 29.10.2020

How China’s Digital Yuan (DCEP) Put It at the Forefront of Monetary Innovation

In 2020 many countries stepped up efforts to develop their own central bank digital currencies (CBDCs). According to the latest BIS report, 80% of central banks are studying the potential of national digital currencies, and half of them are already experimenting with new payment instruments.

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ForkLog 6 25.10.2020

China says it is ready for an ‘offline-wallet’ for the digital yuan to undergo testing

It is expected that a wallet capable of transferring funds offline for both parties will be used in the next pilot stage of the digital yuan project. 8btc reports, citing the director of the China CBDC Institute.

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ForkLog 15 23.10.2020

PBOC to ban yuan-pegged tokens

The Chinese financial regulator has put amendments to the Law on the People's Bank of China up for public discussion. They provide for the legalisation of the digital yuan and prohibit the issuance of yuan-pegged tokens.

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ForkLog 8 19.10.2020

95% of Shenzhen red-envelope lottery winners spent their digital yuan prize

47,573 of 50,000 Shenzhen red-envelope lottery winners with 200 digital yuan (~$29.50) received and spent the prize. Cointelegraph, citing city authorities, reports this.

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ForkLog 9 19.10.2020

Digital yuan to offer partial anonymity for transactions

The digital yuan is being tested for limited transaction anonymity, where the merchant is not shown in the record, according to 8btc.

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ForkLog 4 16.10.2020

Shenzhen gas stations start accepting the digital yuan

Eleven gas stations in Shenzhen have started accepting the digital yuan as part of a pilot project to use the payment system built on it (DCEP). Deсrypt reports, citing local media.

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