Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
[Nov 1 8:51 PM] No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
1 / 2 Relevant items tagged with #DigitalYuan
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BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
[Oct 30 9:30 AM] While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers…
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
[Oct 19 2:30 AM] A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s…
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
China and Kazakhstan Sign CBDC Collaboration Agreement
[Jul 12 8:35 PM] The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan…
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge
[Jun 24 10:44 PM] Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements…
Chinese Gang Arrested for Exploiting Digital Yuan
[Jun 15 3:23 AM] In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency…
Chinese court sentences gang for money laundering using digital yuan
[Jun 13 11:17 AM] The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
HSBC China Introduces Digital Yuan Services for Corporate Clients
[Jun 10 7:38 PM] HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital…
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
[Jun 4 3:20 PM] The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that…
China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally
[May 17 9:45 AM] The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster…
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
[May 17 6:13 AM] The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
Hong Kong digital yuan pilot lacks P2P capabilities
[May 17 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.
China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report
[May 13 9:22 AM] Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Ex-Head of China's Digital Yuan Effort Facing Government Probe: Report
[Apr 26 3:11 AM] Yao Qian is reportedly being investigated for "violations of discipline and law."
Hong Kong to Kickstart New Web3 and Digital Yuan Initiatives This Year
[Mar 5 3:00 AM] The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and…
Project Mbridge Reaches Milestone: First Digital Dirham Cross-Border Settlement Goes Through
[Feb 2 5:30 PM] The first cross-border digital dirham payment was completed by Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, using the Mbridge platform, a central bank digital currency (CBDC) liquidity and…
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…
China and Singapore Team Up to Allow Tourists to Spend Digital Yuan
Standard Chartered Bank Begins Offering Digital Yuan Exchange Services in China
[Nov 28, 2023 11:00 PM] Standard Chartered Bank (China) has become one of the first foreign banks to participate in China’s central bank digital currency (CBDC) pilot. The bank explained that as an international bank rooted in the Chinese market for 165 years…
Standard Chartered China Offering Exchange Services for Digital Yuan
[Nov 27, 2023 9:09 AM]
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
[Nov 18, 2023 2:30 AM] The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and…
China Mulls Digital Yuan Settlements for Commodities
[Nov 7, 2023 4:30 AM] The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help…
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
[Oct 23, 2023 8:17 AM] PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
[Oct 20, 2023 12:00 AM] The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still…
China Opens Digital Yuan Park in Shenzhen
[Oct 13, 2023 4:30 PM] Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…
China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
[Oct 10, 2023 4:00 AM] The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system…
China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
[Sep 28, 2023 5:30 AM] Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade will allow visitors from abroad to replenish a digital yuan wallet through the global…
Digital yuan app adds prepaid Mastercard Visa top-ups for tourists
[Sep 25, 2023 7:01 AM] The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.