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yuan

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24 Apr 23

Digital yuan promotions helped Chinese crypto stocks rise

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The rise of the digital yuan, China’s national central bank digital currency (CBDC), helped some crypto-related stocks surge while the cryptocurrency market has been facing notable drops. On April 23, Changshu City in Jiangsu Province announced that it would start utilizing […]

Metacade0103

23 Apr 23

Chinese City to pay civil servants using digital yuan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Changshu City in Jiangsu Province, East China, will begin paying all public sector personnel in e-CNY, better known as digital yuan, from May 2023. This is important in promoting the digital yuan, China’s official digital money. The decision will affect government […]

SatoshiChain Brings Bitcoin to DeFi01

22 Mar 23

Russia will use Chinese yuan for transactions, avoiding sanctions

A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with the digital yuan, still, it may increase the digital yuan’s exposure and […]

China

20 Jan 23

China’s digital yuan now supports smart contracts

Upgrades have been made to China’s Central Bank Digital Currency (CBDC), also known as the digital yuan or eCNY, including smart contract functionality and some recently disclosed use cases. Meituan food service platform deploys e-CNY smart contracts According to a Jan. 17 report by 8BTC, a Chinese app Meituan that provides retail and food delivery services […]

Blockchain

29 Dec 22

digital yuan not widely used in China

According to Xie Ping, a former official of the People’s Bank of China (PBoC), the digital yuan is underused by the Chinese. As reported by financial news source Caixin, The former PBoC official, Xie Ping, said at a conference that the digital yuan’s application needed to be expanded after he told the media he was […]

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