China Enables Digital Yuan P2P Transfers in New Pilot Launch

China is now allowing citizens to transfer the digital yuan to each other by simply tapping…

China’s Digital Yuan Reaches $300 Million Spent

The People’s Bank of China’s CBDC pilot program has seen $300 million worth of Digital yuan…

China’s Digital Yuan to Complement WeChat and Alipay

Mu Changchun, head of the research institute for digital currency at the People’s Bank of China…

China Cracks Down on Illegal Gambling & Money Laundering Schemes

The People’s Bank of China (PBoC), in coordination with law enforcement, has conducted a series of…

China’s Central Bank Set to Ban Cryptocurrency Issuance

In yet another crypto-related ban, China’s central bank is accepting public comments concerning a draft law…

China Trials Central Bank Digital Currency with $1.5 Million in Handouts

China continues to push on with its central bank-issued digital currency trials. The latest initiative saw…

China CBDC Trials: Over $160M in Total Payments From 3M Transactions

China’s ongoing central bank digital currency (CBDC) trials have crossed the 1 billion yuan (~$160 million)…

Chinese Central Bank Calls Digital Currency Competition a ‘New Battlefield’

If recent events are any indicator, the race for central bank digital currencies (CBDC) appears to…