Bank of China: Digital yuan payment option must be offered in retail scenarios
While China’s central bank digital currency (CBDC) goes through technological and business model upgrades, the market should provide an opportunity to include it in all online retail payment options. The statement was made on Sept. 3 by Changchun Mu, the Director of the Digital Currency Research ...
China’s digital yuan nears $250B transaction volume: Central bank governor
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.On July 19, People’s Bank of China governor Yi Gang spoke at a conference in Sin ...
Hong Kong Launches e-HKD Pilot Program with Major Financial Players
The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...
BNP Paribas Collaborates with Bank of China for Digital Yuan Payments
French BNP Paribas announced the beginning of cooperation with the Bank of China and the implementation of the program of payments in digital yuan for corporate clients. The cooperation will allow BNP Paribas China to connect to the Bank of China (BOC) digital yuan manageme ...
China Launches Pilot Digital Yuan Payroll Program for Civil Servants
According to a report by the Shanghai Securities Journal, China will soon launch a pilot program for digital yuan payroll (e-CNY) for civil servants in May. The program will be initially tested among various professionals, including doctors, teachers, and firefighters, in Changshu city, a populou ...