Digital Yuan

February 27, 2024

Chinese ministry posts warning about fake digital yuan app

An allegedly fake digital yuan app has been uncovered, as reported in a post on WeChat attributed to the Chinese Ministry of Industry and Information Technology. […]
September 26, 2023

Digital yuan app adds prepaid Mastercard, Visa top-ups for tourists

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.   Tourists who […]
September 04, 2023

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

In the short term, e-commerce platforms can integrate the CBDC through QR codes.   As China’s digital yuan, a central bank digital currency (CBDC), undergoes technological […]
July 20, 2023

China’s digital yuan nears $250B transaction volume: Central bank governor

While the adoption and use cases of China’s central bank digital currency are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.   […]
July 05, 2023

Crypto-friendly DBS Bank launches digital yuan payment tool

Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen.   DBS Bank China has announced the launch […]
December 28, 2022

China’s CBDC wallet resorts to ages-old tradition to boost adoption

The digital yuan wallet application uses the traditional Chinese way of donating money, which has become virtual with the growth of digital payments.   China’s digital […]

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