The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.
The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.
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.
The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency.
China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong.
Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative.
Blockchains are flexible new forms of public infrastructure, says Michael Casey. Plus: with China rushing in, Africa is a prime battleground for the future of money.
China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test.
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.
The coronavirus crisis creates a geopolitical opportunity for China, starting with digital currencies, says Teddy Fusaro of Bitwise.
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.
The story of the digital yuan is more complex than we knew and Professor Michael Sung explains why.
A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.
The lens of decentralization reveals a number of elephants in the room that world leaders at the WEF are missing.