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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
12 01, 2021 15:41 PM

Thai Crypto Unicorn Plots Expansion in Bid to Be Asia’s Coinbase

Bangkok-based Bitkub Online is exploring opportunities to set up its own units or partner with existing players in countries such as Malaysia, the Philippines and Laos

11 20, 2021 07:02 AM

Beijing Selects 16 Fintech Innovation Pilot Projects

Even as authorities try to corral the sector, financial regulators set out to test new generation of ideas involving big data, cloud computing and artificial intelligence

11 11, 2021 09:32 AM

CX Daily: China to Improve Links Between Digital Yuan and Payment Apps

The U.S. embassy and consulates resume visa services in China. A court in Shenzhen approves the country’s first personal bankruptcy liquidation

11 10, 2021 18:57 PM

Full Text: Yi Gang on China’s Progress on the Digital Yuan

A delicate balance needs to be made between protecting privacy and preventing crime, the central bank governor told the 30th Anniversary Conference of the Bank of Finland Institute for Emerging Economics

11 10, 2021 06:32 AM

China to Improve Links Between Digital Yuan and Payment Apps

Central bank Governor Yi Gang outlines plans to improve the new currency’s ecosystem in remarks before Bank of Finland forum

11 05, 2021 10:56 AM

CX Daily: Tencent Unveils Three Computer Chips Of Its Own Design

Local Covid-19 outbreaks in the Chinese mainland have spread to 19 regions. The country’s top anti-graft agency tackles 36 PBOC-linked cases. Internet companies’ market values fall by a record amount

11 04, 2021 16:38 PM

PBOC Says Digital Yuan Users Have Surged to 140 Million

Transactions in e-CNY, as the currency is known, reached $9.7 billion in trials rolled out in about a dozen regions in China, a top central bank official says

11 04, 2021 15:03 PM

Shanghai Composite Index Rose 0.81% on Thursday

Shenzhen Component Index closed up 1.3%

11 04, 2021 03:58 AM

Asia-Middle East Digital Currency Trial Reports Progress

Experiment involving central banks and financial institutions from China, the UAE, Hong Kong and Thailand completed $312 million of cross-border transactions

11 02, 2021 15:42 PM

PBOC Has Limited Room to Ease Policy, Former Central Bank Adviser Says

Economic growth is likely to slow further in the coming months before it turns around, says Huang Yiping, who used to sit on the People’s Bank of China’s monetary policy committee

10 19, 2021 16:14 PM

Kyle Bass’s Disastrous Hong Kong Short Got Cash Linked to Steve Bannon and Guo Wengui

The well-known investor lost big betting against the region’s currency, ensnaring some investors who funded his trade through what SEC says was an illicit stock offering

10 14, 2021 04:41 AM

U.S. Replaces China as World’s Biggest Bitcoin Miner

Cambridge researchers find next to no activity in August in China after government crackdown since May

09 28, 2021 09:32 AM

CX Daily: China’s Assault On Big Tech’s ‘Walled Gardens’

China and the EU are expected to publish the first set of common classification standards for sustainable finance by the end of this year

09 27, 2021 21:21 PM

Shares Linked to Crypto Exchange Huobi Slump as Mainland Users Face Expulsion

In response to China’s latest virtual currency bans, company stops accepting fresh sign-ups and promises to close existing China-based accounts by year-end

09 25, 2021 00:23 AM

Bitcoin Tumbles as China Widens Ban on Crypto Transactions

Central bank declares that all crypto-related transactions are illicit, including services provided by offshore exchanges

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