Category: DCEP

Crypto News: HongKong Approves First Crypto ETF Fund Worth $100 Million

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million […]

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Latest Shanghai test gives preview of card-based hardware wallets for the digital yuan

Latest Shanghai test gives preview of card-based hardware wallets for the digital yuan

Quick Take Though it was known that the digital yuan is supposed to come with hardware wallets, the latest Shanghai test offered a glimpse at a prototype.  The hardware wallets can be more private and and user-friendly than mobile app wallets, according to local news reports This feature story is available to subscribers of The […]

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Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

China Construction Bank, one of the largest banks in China has started a new use case for the country’s much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports […]

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“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance […]

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China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online retailers. $3 Million in Digital Yuan Giveaway The Chinese city […]

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