Digital Yuan


China’s CBDC Could Give Beijing ‘Leeway for Economic Retaliation,’ Says National Security Expert

Yaya Fanusie also believes that fears the Chinese CBDC would undermine or displace the U.S. dollar as the world's reserve currency are "overblown."

News  ·  25 May 2021

PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them ‘Alternative Investment’

The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.

News  ·  19 April 2021

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Thiel's comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction.

People  ·  11 April 2021

Crypto Won’t Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says

The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.

Markets  ·  6 April 2021

Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says

"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.

News  ·  31 March 2021

China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC

In order to support the retail payment system, the central bank has to step up its own digital yuan.

News  ·  26 March 2021

Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan

“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.

Policy & regulation  ·  24 March 2021

People’s Bank of China Official Says Fully Anonymous Digital Yuan ‘Not Feasible’

The central bank needs to balance privacy for users with "international consensus" on risk control, the director of the PBoC's Digital Currency Research Institute said

Policy & regulation  ·  22 March 2021

How China’s Digital Yuan Could Go Global

China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.

Policy & regulation  ·  17 March 2021

Digital Yuan Likely to Feature at China’s ‘Two Sessions’ Meetings of Lawmakers: Report

The central bank digital currency is expected to be raised at China's biggest meetings of legislators later this week.

Policy & regulation  ·  2 March 2021

Tencent and Ant Group-Backed Banks to Join China’s Digital Yuan Trial: Report

The two commercial banks join the six state-owned banks already participating in the CBDC trial.

Business  ·  22 February 2021

China’s Central Bank Is Partnering With SWIFT on a New Joint Venture

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.

Policy & regulation  ·  3 February 2021

Geopolitics at Stake in US Response to China’s Digital Yuan: Report

From privacy to political power, China’s digital yuan will have far-reaching implications.

Tech  ·  27 January 2021

Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

The wider effort to promote the digital currency precedes a launch in the "near future," per a state media report.

Policy & regulation  ·  24 January 2021

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw

Lottery entrants can apply to win 200 digital yuan each.

Tech  ·  21 January 2021