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 ...
Digital Yuan Payment Acceptance Expands in Changsha, Generating Over $1.4 Billion in Transactions
The city administration of Changsha, located in Hunan province of China, has recently reported that in the first quarter of 2023, over 400,000 outlets began accepting the state digital currency as a form of payment. This has resulted in the total transaction volume with e-CNY in the city surpassi ...