On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa. In
Category: Digital Yuan
PBoC governor says digital yuan to be more privacy-enhanced than payment appsPBoC governor says digital yuan to be more privacy-enhanced than payment apps
Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage.
Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenbackBillionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback
Hedge fund manager Ken Griffin signaled out crypto as a threat to the US dollar, and stated that “I wish all this passion and energy that went to crypto was
CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich CheckanCBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan
Rich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet.
81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition,
Chinese Miners Pivot to Alternative Currencies to Keep OperatingChinese Miners Pivot to Alternative Currencies to Keep Operating
The Chinese mining crackdown forced many miners to stop their operations and relocate. But another group of miners is planning to pivot to new, more efficient mining schemes to keep
China Offers Medics Digital Yuan Insurance Policy for Covid-19China Offers Medics Digital Yuan Insurance Policy for Covid-19
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered
US Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing OlympicsUS Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing Olympics
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including
US lawmakers don’t want Olympic athletes to use digital yuan at 2022 gamesUS lawmakers don’t want Olympic athletes to use digital yuan at 2022 games
The trio urged the Olympic committee to work with federal agencies “to protect the privacy of American athletes from the Chinese Communist Government.”
China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers TracedChina Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced
The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The