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China Digital Currency News - Caixin Global

China is taking the lead in the race to become the first major economy to officially launch a sovereign digital currency, as its ongoing pilot programs have made headlines and its central bank officials have been offering explanations about the issue and what’s behind Beijing’s digital yuan ambitions.

In Depth: China’s Digital Currency Ambitions Lead the World

The future of money is electronic and Beijing wants to own it

MOST RECENT
09 24, 2022 03:09 AM

Central Bank Warns of Telecom Scams Involving Digital Yuan

Mu Changchun, head of Digital Currency Research Institute, discusses risks and prevention measures in Modern Bankers journal article.

09 22, 2022 09:45 AM

CX Daily: The Shadowy Businessman Behind a Multibillion-Dollar Bank Swindle

The Chinese CDC discloses details of the mainland’s first monkeypox case. A former senior executive of China Construction Bank is probed

09 21, 2022 21:03 PM

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Pilot is part of a three-track strategy to give the city its own digital currency for everyday use by the general population

09 21, 2022 19:32 PM

Caixin China Biz Roundup: Digital Yuan Trial Ramps Up

Virtual currency pilot expanded to four provinces; officials investigated following deadly Covid quarantine bus crash; and Europe’s demand for Chinese solar panels surges amid looming energy crisis

09 20, 2022 20:17 PM

PBOC to Expand Digital Yuan Trial to Four Whole Provinces

The program has so far mostly covered cities, including Shenzhen, Suzhou and Chengdu

09 10, 2022 10:45 AM

Weekend Long Read: How China Can Chart a Path Forward in International Trade

Despite the trade war with the U.S., China has stood firm because of its partnership with ASEAN. The country must ensure openness with other countries

08 16, 2022 08:35 AM

CX Daily: The Challenges Ahead for China’s Digital Yuan

Flash floods in Sichuan province kill seven people. China’s youth unemployment rate rises to another record

08 15, 2022 05:50 AM

Cover Story: The Challenges Ahead for China’s Digital Yuan

In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure

07 27, 2022 09:42 AM

CX Daily: Four Chinese Laws That Can Help People Protect Their Personal Information

China plans to tighten legislation around the digital yuan to protect user privacy and combat illegal activities

07 26, 2022 20:12 PM

Central Bank to Beef Up Digital Yuan Rules to Address Privacy Issues

Users’ personal information will only be used when investigating illegal transactions

07 15, 2022 20:02 PM

Tech Insider: Alibaba Probe Report Spooks Investors, Chinese Sorting Robots Headed to U.S.

Xpeng’s robotics offshoot closes $100 million funding round, crypto lender Celsius files for bankruptcy

07 15, 2022 05:44 AM

Industrial Bank Joints Digital Yuan Pilot Program

Central bank expands trials to a 10th bank and 15 provinces, reporting $12.3 billion of transactions involving 4.6 million merchants

06 21, 2022 21:12 PM

In Depth: To Keep Stimulus Flowing, China’s Local Governments Need a Budget Fix

Special treasury bonds have emerged as one possible solution to the fiscal gap that has widened as economy-boosting tax and fee cuts reduce localities’ revenues

06 18, 2022 18:45 PM

Bitcoin Falls Below $20,000 for the First Time Since 2020

The largest token by market value tumbled more than 9% to $18,740.52 by early morning in London on Saturday, marking a record-breaking 12th straight day in the red

06 17, 2022 05:23 AM

Israel and Hong Kong Team Up to Test Digital Currency Cyber Risk

Trial in third quarter will involve a two-tier central bank digital currency issued by the Bank of Israel

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