DCEP

China Is Opting Out of US-Run Financial System

If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.

Policy & regulation  ·  30 April 2021

Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report

Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.

News  ·  12 April 2021
Newsletters

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

Policy & regulation  ·  23 March 2021
Opinion

China Leads Africa’s Digital Currency Race

With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.

Policy & regulation  ·  3 February 2021
CBDC

Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption

Central bank digital currencies can have broad implications for the global balance of power, experts say.

Policy & regulation  ·  20 November 2020
China

Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.

Policy & regulation  ·  19 November 2020
China

How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.

Policy & regulation  ·  12 November 2020
China

Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC

The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.

Policy & regulation  ·  23 October 2020
China

China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto

An in-depth analysis of China's digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system.

Policy & regulation  ·  15 October 2020
China

Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report

The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.

News  ·  10 October 2020
China

China’s Digital Currency May Come With Hardware Wallets as Well

China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.

Policy & regulation  ·  1 September 2020
Digital Yuan

Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention

China Construction Bank had quietly opened up the wallet service of China's digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.

News  ·  29 August 2020
CoinFlash

Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money

A former vice president of the Bank of China has argued digital currency should replace fiat in the nation's financial systems.

News  ·  4 August 2020
China

Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Business  ·  23 April 2020
China

Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency

The Agricultural Bank of China has rolled out an internal test interface for the nation's central bank digital currency, allowing whitelisted users to register and trialing certain functions.

News  ·  14 April 2020