digital yuan

CDCROP: digital yuan (Eliza Gkritsi/CoinDesk)
China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.
CDCROP: digital yuan (Eliza Gkritsi/CoinDesk)

CDCROP: digital yuan (Eliza Gkritsi/CoinDesk)
China's Digital Yuan Used to Buy Securities for the First Time: Report
Last week, the country also added a function to its e-CNY payment app that allows users to make payments offline.
CDCROP: digital yuan (Eliza Gkritsi/CoinDesk)

CDCROP: Yuan notes money Chinese currency China Renminbi bills (Moerschy/Pixabay)
China's CBDC Transactions Reach $14B as Uptake Slows: Report
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared with the 154% growth recorded in the last six months of 2021.
CDCROP: Yuan notes money Chinese currency China Renminbi bills (Moerschy/Pixabay)

CDCROP: Chinese yuan money (Shutterstock)
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People's Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
CDCROP: Chinese yuan money (Shutterstock)

Coindesk placeholder image
China’s Digital Yuan Targeted in New Bill From 9 GOP Senators
The Say No to the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions.
Coindesk placeholder image

Sen. Pat Toomey (Getty Images)
Sen. Toomey Sounds Warning About China’s Digital Yuan as Olympics Start
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Sen. Pat Toomey (Getty Images)

The Hong Kong skyline. (Ruslan Bardash/Unsplash)
China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials: Report
Hong Kong banks and merchants have been testing the use of China’s CBDC.
The Hong Kong skyline. (Ruslan Bardash/Unsplash)