Yuan

Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout

People’s Bank of China (PBoC) clarified that there is still “no timetable” on a formal digital yuan launch. In an interview pub...
May 26, 2020
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Starbucks and McDonald’s Rumored to Be Testing China’s Digital Currency

Rumors are surfacing of an upcoming real-world test of the proposed Chinese digital yuan currency. According to Chinese publica...

Bank Of China Says Digital Yuan Will Not Cause Inflation

The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the ban...

China’s Digital Yuan Reportedly to Test in Four Cities

Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are circulating on social media. ...

Central Bank of China Official Says Digital Yuan Will Be Different From Bitcoin

The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bi...
December 24, 2019
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China’s Digital Yuan Will Favor Payments and Retail

China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official ...

China Is Pushing Blockchain Adoption, Seizing the Momentum From US

Recently, the National People’s Congress in China cleared a new law that will allow local authorities to start regulating all o...

Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan

Stablecoin firm Tether announced the launch of a new stablecoin tied to the offshore Chinese yuan dubbed CNHT. According to an ...

Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week

Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomb...
September 6, 2019
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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin...
September 4, 2019
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