Category: Digital Yuan

Chinese Citizens in Shenzhen Can Spend Digital Yuan Won in Lottery Red Packets Distribution

Chinese Citizens in Shenzhen Can Spend Digital Yuan Won in Lottery Red Packets Distribution

Running at the forefront of the digital finance game, China is persevering in familiarizing its citizens with its central bank digital currency (CBDC), the digital yuan (DCEP), on a large scale. China’s central bank, the People’s Bank of China (PBOC), released findings on its first round of extensive DCEP pilot testing held primarily across four […]

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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created.‘Positive Progress’ of Digital Yuan PilotThe People’s Bank of China (PBOC) has been actively testing […]

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Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that excessive regulations have been hurting innovation. Thus, they are planning to move the Ripple headquarters from San Franciso to other crypto-friendly […]

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