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China expected to further push forward digital yuan pilot programs
China is expected to further advance its pilot programs of the digital fiat currency, or the e-CNY, as digital yuan payment is becoming accessible to the general public and gains more and more popularity.
Shenzhen hands out 25 mln digital yuan to boost Spring Festival consumption
The commerce bureau of the southern Chinese city of Shenzhen will hand out consumption coupons worth over 25 million yuan (about 3.95 million U.S. dollars) in China's digital fiat currency, or the e-CNY, during the upcoming Spring Festival.
How, why, where of digital yuan
China started to pilot test digital yuan in 2020 to create a new form of yuan that meets the public demand for cash in the digital economy era.
China Focus: China fast-tracks digital yuan trials for Beijing Winter Olympics
Pilot scenario construction for using China's digital fiat currency, or the e-CNY, during the Beijing 2022 Winter Olympics has entered a final sprint as part of the country's efforts to promote the new payment form.
Explainer: With 56 bln yuan in transactions, where is China's digital yuan heading?
From bill settlements in restaurants to transactions on the futures market, China's digital fiat currency, or the e-CNY, has been piloted in various scenarios amid the country's push to develop this nascent form of payment.
Beijing extends digital RMB use to city-wide rail transit system as from Aug. 1
Transport authorities of Beijing Municipality announced that the use of digital renminbi (RMB) has been fully supported in a city-wide rail transit system since August 1, reported CCTV on Monday.
China's central bank confident of expanding digital yuan program
China's central bank said Thursday it is confident of continuing to expand the pilot program of digital yuan for which the upcoming Beijing Winter Olympics will be an important test scenario.
China explores digital yuan for cross-border transactions
China is exploring ways to use its digital yuan for cross-border transactions to meet market demand, the central bank said on Thursday.
Digital yuan pilots making steady progress: official
China's digital yuan pilots and tests are making steady progress, according to a researcher under the People's Bank of China, the country's central bank.
Shenzhen to issue 20 million digital yuan in Spring Festival red envelopes
China's southern boomtown of Shenzhen will issue digital currency worth 20 million yuan (about 3.1 million U.S. dollars) as part of a pilot program to promote the application of the new form of currency.
Application scenarios of digital yuan likely to be expanded with debut of "Hardware wallet"
The digital yuan wallets in multiple pilot areas of China have developed into "hardware wallets" currently, and the application scenarios of digital yuan are expected to be more rich, reported China Securities News Wednesday.
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