China to expand CBDC use case for Belt and Road Initiative

China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC.

View Details

Digital yuan integration introduced to Chinese business air travel

As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travelers will reportedly be able to pay for flight tickets using the CBDC.  A collaboration between the China Merchants Bank and the Civil Aviation Administration of China led to the introduction of a digital yuan [...]

The post Digital yuan integration introduced to Chinese business air travel appeared first on Crypto Breaking News.

View Details

CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being “freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC). In a Mar. 13 op-ed in The Hill, Christopher Giancarlo, nicknamed “Crypto Dad” for his pro-crypto outlook, said the U.S. “must [...]

The post CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair appeared first on Crypto Breaking News.

View Details

China's Central Bank Digital Currency (CBDC)

China's Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities' mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments. (Read More)

View Details

Bank of China: Digital yuan transactions volume crossed $14B mark

The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.

View Details

Residents of 3 Chinese cities paying taxes and charges with digital yuan

China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.

View Details

China-based regulatory and trade associations target NFTs in latest risk notice

“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations.

View Details

Tencent files for patent related to virtual concerts in Metaverse

Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators.

View Details

Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy

Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout.

View Details

Chinese crypto ban poses no threat to local industry media, sources say

Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram.

View Details

Crypto's impact on sanctions: Are regulators' concerns justified?

Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption.

View Details

New decentralized stablecoin in China targets international trade

Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.

View Details

Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira

Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According to experts on [...]

The post Report: Nigeria-China Currency Swap Agreement Fails to Ease Pressure on the Naira appeared first on Crypto Breaking News.

View Details

Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users

No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.

View Details