Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
Digital Yuan
China’s Digital Yuan Isn’t Taking Off Despite State Employee Salary Trial: Report
Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Ex-Head of China’s Digital Yuan Effort Facing Government Probe: Report
Yao Qian is reportedly being investigated for “violations of discipline and law.”
Standard Chartered China Offering Exchange Services for Digital Yuan
Standard Chartered (Shutterstock)
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.