People Bank of China Conducts $4 Million Transactions Involving 2 Billion Yuan
China's central bank digital currency, also known as Digital Currency Electronic Payments (DCEP), has conducted 4 million transactions in its ...
Tag: PBOC
Shenzhen City To Give $1.5 Million Away As Part Of Digital Yuan Promotion
Shenzhen, a major Chinese city, is set to kick off a program for the digital yuan, which will give out ...
China Debunks CBDC Rumours: CBDC Is Currently Only For Small Transactions
According to the People’s Bank of China (PBoC), the country will only be testing its digital yuan with small businesses ...
China will Launch its National Blockchain Platform Next Weekend
China is through with the development of its blockchain platform and plans to launch it on April 25. The platform, ...
Blockchain Platform Facilitates Foreign Trade Worth Millions Among Chinese Banks
A recent report has revealed that some Chinese banks have successfully processed several million dollars worth of transactions via a ...
Central Bank of China Receives $4.7 Million For Blockchain Trade Platform
China is moving forward with plans for blockchain development. China’s apex bank, the People’s Bank of China (PBoC) will be ...
US Federal Reserve Board Member Hints At DLT Research With Focus On CBDC
Based on recent events, the idea of a digital dollar is no longer as alien as most might think. According ...
China Set To Begin Pilot Test Of CBDC With Major Banks And Telecom Firms
Months ago, China announced that its central bank digital currency (CBDC) was ready even though it didn’t specify a release ...
25,000 Chinese Blockchain Companies Have Tried To Issue Tokens
According to Beijing Blockchain Application Association President Yedong Zhu, 89% of all blockchain firms in China have tried at some ...
U.S Federal Reserve Is Considering Floating Its Own CBDC
As the drive for cryptocurrency adoption presses on, many countries are looking to join the wave, by floating their own ...
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