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digital yuan

Bank of Canada
Markets
China
Canada CBDC 'Probably Necessary' for Competition, Central Bank Says in Paper
The authors argue a central bank digital currency will likely be positive for Canadians, breaking monopolies in big tech and traditional finance.
Bank of Canada
By Eliza Gkritsi
Jul 21, 2021 at 5:01 a.m. UTC
Jul 21, 2021
ChinaCanadaCBDCsAntitrustDigital YuanMonetary Policy
China Marks The Lantern Festival
Policy
Olympics
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Sen. Cynthia Lummis.
China Marks The Lantern Festival
By Danny Nelson
Jul 19, 2021 at 10:07 p.m. UTC
Jul 19, 2021
OlympicsSportsCBDCsDigital YuanCynthia Lummis
yuan, china
Markets
China
Digital Yuan Used in $5B of Transactions, Says China's Central Bank
The PBOC also said the central bank digital currency will be compatible with smart contracts.
yuan, china
By Eliza Gkritsi
Jul 16, 2021 at 8:59 a.m. UTC
Jul 16, 2021
ChinaDigital Yuan
Beijing subway train
Markets
China
China's CBDC Trials Reach Beijing Subway
Passengers with Industrial and Commercial Bank of China's mobile app can use the digital yuan to pay their fares.
Beijing subway train
By Jamie Crawley
Jun 30, 2021 at 11:35 a.m. UTC
Jun 30, 2021
ChinaCBDCsDigital Yuan
the-scenery-805594_1920
Markets
China
Chinese Commercial Bank Enables Digital Yuan-Cash Conversion at ATMs
The Industrial and Commerce Bank of China has become the first bank in the country to launch a feature converting cash to the digital yuan.
the-scenery-805594_1920
By Sebastian Sinclair
Jun 18, 2021 at 7:30 a.m. UTC
Jun 18, 2021
ChinaICBCDigital Yuan
Construction
Business
China
China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments
The country is testing the currency in different pilots.
Construction
By Tanzeel Akhtar
Jun 14, 2021 at 2:03 p.m. UTC
Jun 14, 2021
ChinaCBDCDigital Yuan
yuan, china
Markets
China
China to Hold Beijing Lottery for CBDC Trial
The lottery will award 200,000 winners about $31 in digital yuan.
yuan, china
By Jamie Crawley
Jun 2, 2021 at 8:10 a.m. UTC
Jun 2, 2021
ChinaCBDCsDigital Yuan
Yao Qian
Tech
China
Ex-Head of China's Digital Yuan Effort Says CBDCs Could Operate on Ethereum
Central bank digital currencies will one day be more "smart," and not merely digital versions of cash, Yao Qian said.
Yao Qian
By Daniel Palmer
May 31, 2021 at 10:00 a.m. UTC
May 31, 2021
ChinaEthereumsmart contractsDigital YuanDiem
Rep. French Hill
Markets
Cbdcs
US Lawmakers Introduce Bill to Require Digital Dollar Updates
A bipartisan bill would require the U.S. Treasury secretary to publish a report on the dollar's role in the global economy, as well as how central bank digital currency efforts are proceeding.
Rep. French Hill
By Nikhilesh De
May 26, 2021 at 10:36 p.m. UTC
May 26, 2021
CBDCsDigital DollarDigital YuanJim Himes
China Trials Digital Yuan
Markets
China
China's CBDC Could Give Beijing 'Leeway for Economic Retaliation,' Says National Security Expert
Yaya Fanusie also believes that fears the Chinese CBDC would undermine or displace the U.S. dollar as the world's reserve currency are "overblown."
China Trials Digital Yuan
By Jamie Crawley
May 25, 2021 at 2:00 p.m. UTC
May 25, 2021
ChinaCBDCsDigital YuanConsensus_2021