Digital Yuan Criminals Cashed Out: Gang Sentenced for Money Laundering Scheme
The arrested gang members were able to cash out more than 200,000 yuan in Shaoxing by targeting merchants who accepted e-CNY payments.
Rwanda to Launch Its Central Bank Digital Currency in 2026
The BNR’s decision to develop a digital currency is driven by the global trend as many countries are either testing or have already launched their CBDCs.
Chinese Industrial Bank Integrates Digital Wallets with Personal Carbon Accounts for Sustainable Finance
Industrial Bank has established itself as a leader in this sector, promoting green and digital finance.
Hong Kong Launches Pilot Program for Digital Yuan Payments
To set up their digital yuan wallets, Hong Kong residents just need their local phone numbers. Hong Kong is currently conducting this pilot program for e-CNY within the Greater Bay Area.
Chinese Investors Cash Out CBDC Digital Yuan for Real Money
Analysts says that the major reluctance towards using digital yuan in China is because the CBDC doesn’t provider absolute privacy to its users.
China’s CBDC Mastermind Is Under Investigation
Qian was appointed the first head of the central bank’s digital currency research institute in 2017.
Hong Kong to Expand Chinese Digital Yuan Testing, Launching Its Own CBDC
By Tokoni Uti
Hong Kong is currently pursuing an expansion of the digital yuan’s application. It is also approaching the second phase of its own CBDC pilot program and completing consultations for stablecoin issuance.
Standard Chartered Becomes First International Bank to Participate in Digital RMB Business Pilot
China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services.
Digital Yuan Completes Its First Cross-Border Oil Deal
By Darya Rudz
The transaction is part of SHPGX’s efforts to provide a solid response to the Shanghai municipal government’s requirements to use the digital yuan in cross-border trade.
China Launches Its First Industrial Park for Digital Yuan CBDC Development
By Darya Rudz
Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion.
PBoC: Platforms Should Have Retail Payment Option for Digital Yuan CBDC
The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements.
China’s Aviation Authority Approves Digital Yuan for Ticket Purchases
The CAAC is partnering with the China Merchants Bank (CMB) to launch a digital yuan payment platform.
PBoC Governor Claims Digital Yuan Transaction Volume Touched $250B
China’s central bank governor said that 950 million transactions made from around 120 million wallets since the e-CNY was first introduced in January 2022.
Bank of China Launches Offline Payment Trial for Digital Yuan
For now, the e-CNY app has a limit of 500 yuan ($77) per transaction and 10,000 yuan ($1,540) per day for offline payments.
Circle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China
China has been at the forefront of CBDC development, with ongoing trials and pilot programs for the digital yuan.