In an alert launched by the Chinese Ministry of Information Technology, citizens were warned about a fake digital yuan application that steals money and confidential data from users.
On social networks, the Chinese authority gave details of the malicious application, which uses a false logo of the…
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digital yuan
French bank BNP Parisbas to promote use of digital yuan
BNP Paribas will support the use of the digital yuan by its corporate clients, through a joint effort with the People's Bank of China.
According to the local newspaper South China Morning Post, BNP Paribas China has partnered with the…
China will pay its public employees with digital yuan
The city of Changshu, in China's east China's Jiangsu province, is giving new impetus to the adoption of the digital yuan, China's central bank digital currency (CBDC), by starting to pay public sector employees their salaries in digital…
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’s digital yuan transactions top 100 million
China's digital currency (CBDC), issued by the People's Bank of the Asian country, has already penetrated 15 provinces, resulting in more than 369 million payments with this new financial instrument.
The PBOC recently issued a report,…
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…
Chinese banking to use digital yuan in investments and insurance
The state financial institutions China Construction Bank (CCB) and Bank of Communications (Bocom), leaders in the banking sector, are increasing their efforts to expand their pilot programs on the Central Bank Digital Currency, CBDC, of…
Chinese company JD.com will pay salaries in digital yuan
One of the largest e-commerce platforms in China, JD.com, has announced a new method of payment to its employees based on digital yuan, with the aim of contributing to the strengthening of the digital currency in the country.
The commerce…
Russian Central Bank opposes ruble-pegged stablecoins
Senior Russian officials have spoken out against the issuance of Russian ruble-backed stablecoins, promoted by private companies, as deputy governor of the Russian central bank, Sergei Shvetsov, put it.
Shvetsov reported that the main…
China gives 10 million digital yuan as a gift to boost its usage
The government of Shenzhen (China), together with the People's Bank of China awarded some 10 million digital yuan to 50,000 people as a prize.
A total of two million people applied to be part of this pilot program, which already has its…
China is ready to expand digital yuan in Beijing
The Chinese Ministry of Commerce announced that it is ready to launch its digital yuan trial program in Beijing and several provinces in the country.
The progress in the development of the pilot plan continues rapidly, and according to the…
Digital yuan could become a competitor to the dollar
Everything indicates that China is preparing the digital yuan so that it is a clear competitor to the dollar and not to bitcoin as many thought it would happen.
An investment banker from the Chinese market, Matthew Graham, conducted an…