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Bank of China Completes First Precious Metal Digital Yuan Settlement

[Dec 21, 2023 9:30 PM] The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The transaction, finalized on December 19, allowed the Shanghai Gold Exchange to close a $14 million precious metal trade after…

Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade

[Dec 16, 2023 3:00 AM] The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported…

Chinese digital yuan CBDC used for first time to settle cross-border oil deal

[Oct 23, 2023 11:50 AM] CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

Bank of China: Platforms must provide digital yuan retail payment option

[Sep 4, 2023 1:07 AM] In the short term, e-commerce platforms can integrate the CBDC through QR codes.

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

[Jul 12, 2023 10:30 PM] The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the…

Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report

[Jun 14, 2023 11:57 PM] The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients.

Bank of China issues $28M in digital structured notes on Ethereum blockchain

[Jun 12, 2023 1:20 PM] The securitized tokens are governed by Hong Kong and Swiss law.

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

[Jun 12, 2023 10:55 AM] It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.

BNP Paribas teams up with Bank of China to promote digital yuan usage

[May 5, 2023 12:10 PM] The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.

China’s state-affiliated banks onboarding crypto companies in Hong Kong

[Apr 17, 2023 5:01 AM] Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.

Hong Kong citizens not interested in digital yuan: Reports

[Mar 2, 2023 5:04 AM] Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders.

Bank of China ex-advisor calls Beijing to reconsider crypto ban

[Feb 2, 2023 4:35 AM] The economist argued that the current crypto ban in China is beneficial in the short term, but big opportunities can be missed in the long run.

Former Chinese central banker says digital yuan ‘usage has been low’

[Dec 29, 2022 9:30 PM] A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”