China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run...
New Chinese finance rules will force the Jack Ma-backed Ant Group to comply with regulations to back up any payments, lending or other finances with...
The Bank of Korea (BOK) is speeding up its efforts to create a central bank digital currency (CBDC) experimental program, The Korea Times reported. BOK...
One of the four largest Chinese banks swiftly disabled its new soft launch for a digital yuan wallet after its quiet rollout got mass attention,...
Let the digital currency games begin. When it comes to central bank digital currencies (CBDCs), there is a wide gulf between concept and reality, between...
There was no shortage of news in payments and commerce this week, but perhaps the biggest news that didn’t make a headline was that this...
China’s push into the world of digital currency is poised to take another big step forward. Ride-hailing giant Didi Chuxing is teaming up with China’s...
American Express has won initial approval from the People’s Bank of China (PBOC) to process the nation’s currency, the global financial services network announced in...
To encourage banks to loan as much as $140.18 billion to small businesses during COVID-19, the People’s Bank of China (PBOC) is to begin purchasing...