Virtually money china aims to launch the world's first official digital currency(2) 虚拟货币中国打算推出全球第一个官方数字货币(2) Dozens of Central banks have started looking at whether to issue...
Developed by the Digital Currency Research Institute under the People's Bank of China (PBOC), pilot versions of the digital yuan app were opened to users on the country's IOS and Android app stores on Tuesday. In trial areas, users have already been able to use the digital...
Project DCEP China doesn’t have any specific timeline for its launch. But many experts did give us some insights into what can happen right before the official launch. They believe that before rolling out the project, the country will need multiple adjustments to better accommodate the change. ...
However PBOC's governor Zhou Xiaochuan said there’s no timetable for the launch of digital currency, according to his previous interview with Caixin magazine. He said that digital currency will co-exist with cash for quite a long time before it eventually replaces cash....
The launch of DCEP can have significant ramifications on a global scale, as it could reduce China's reliance on the SWIFT system for international banking and offers the first glimpse of the internationalization of the renminbi (RMB). Practical implications Foreign companies operating in China, hi...
Officials have said there is no set timetable for the formal launch of the e-CNY, and that the bank is focused on improving the user experience and testing the security and resilience of the network rather than increasing adoption. But some close observers think the government underestimated how...
Beijing has kept the initiative largely under wraps. There is currently no official date for when China will launch its digital currency. However, Yi Gang, governor of the People’s Bank of China, told themediain May that the PBOC will be planning another trial during the 2022 Winter Olympic...
As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency—one that could allow the government and the central bank to see what people spend their money on, according to analysts. Far from the libertarian ideals of cryptocurrencies, whose anonymity...
launch about 100 high-end products, and form about 100 Chinese industry standards, according to the document. 上海打造未来产业集群:10月12日消息,上海市人民政府近日印发《上海打造未来产业创新高地 发展壮大未来产业集群行动方案》,目标到到2030年,在未来健康、未来智能、未来能源、未来空间、未来材料等领域涌现...
The central bank also took part in the cross-border multiple Central Bank Digital Currency (mCBDC) Bridge trial developed by the Bank of International Settlements, which has successfully completed its first real-trade pilot test based on four national or regional central bank digital currencies from...