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...
Food delivery service giant Meituan Dianping will test China’s digital yuan, according to a Bloomberg report citing unnamed sources who have knowledge of the matter....
Digital yuan could be on the horizon in China to replace paper money, authorities say. According to a report, the launch of the digital currency...
The People’s Bank of China (PBOC) is launching a pilot program to trial its new digital currency yuan with 19 local businesses, including the U.S....
HSBC has issued its first yuan blockchain-based letter of credit transaction, Reuters reported. The move is significant progress in the use of the Voltron trade...
China’s banking and insurance regulator has warned that short sellers shouldn’t bet against the yuan, despite the fact that the currency has lost more than...
The New York branch of Bank of China will allow Chinese firms to get payment in yuan from eCommerce sales derived from their U.S. platforms, reported...
Trades between bitcoin and China’s renminbi (RMB) were once very popular, but that’s reportedly no longer the case. News came this week that the volume...
China’s central bank is reportedly looking to enhance the efficiency of cross-border payments by lengthening the operating hours of its payments clearing system for high-value...