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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)
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.
“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations.
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.
Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout.
Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram.
Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption.
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.
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.
No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
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