Browsing Tag

digital yuan

Crypto ban in China poses a risk

Huang Yiping, a former member of the People's Bank of China's Monetary Policy Committee, said the current ban on cryptocurrency trading in China could result in long-term missed opportunities for the formal financial system, including…

China continues to test the digital yuan

The Chinese government is planning to hand out about 15 million yuan worth of CBDC to about 130,000 residents of the Shenzhen community. These coins will be accepted in at least five thousand stores, with no minimum purchase required to be…