Central bank in China set up a digital currency research team in 2014, carrying on “in-depth studies on mobile payment, trusted and controllable cloud computation, cryptographic algorithm and secure chip.” The signals for central bank’s push on this technology also reflected on a...
Luiza PeruffoAndre CunhaAndres Ferrari
s Bank of China (PBOC), the central bank, has been working on the digital yuan since 2014 and is currently leading the field on establishing a Central Bank Digital Currency (CBDC), which could lead China to become one...
China’s central bank is extending the activities of its Digital Currency Research Lab beyond the country’s capital.
BEIJING, Sept. 4 (Xinhua) -- China may issue the world's first central bank digital currency (CBDC), China Daily reported Wednesday. The to-be-unveiled currency could be put into electronic wallets to support direct and peer-to-peer transactions. The "wallet" could be an app on a smartp...
China's digital yuan transactions hit nearly 87.57 billion yuan at the end of 2021, as the country ramped up research and pilot use of the central bank's digital currency. A total of 261 million personal wallets for the digital yuan had been opened, and the number of pilot scenarios had...
digital currencycentral banksmonetary policypaymentsIn only a few years, central bank digital currencies (CBDC) have gone from a fringe idea promoted by cryptocurrency bloggers to an idea being seriously explored by 80% of the world's major central banks, including the People's Bank of China ...
China's central bank digital currency (CBDC) has showed up at the first China International Consumer Products Expo in south China's Haikou port city, giving foreigners at the event a taste of the payment experience it offers. Check it out here:Trying out digital currency at China's...
Internal closed pilot tests of the central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) are to be conducted in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations, China’s central bank has revealed. ...
as the country ramped up research and pilot use of the central bank's digital currency. A total of 261 million personal wallets for the digital yuan had been opened, and the number of pilot scenarios had exceeded 8.08 million, said Zou Lan, an official with the People's Bank of China, ...