Yuan

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The Digital Yuan May Enter A Wider Test, With the Closer Participation of Beijing and Shanghai

Beijing and Shanghai, both ranked as one of the biggest cities, are managing to hold pilots to promote the use of the country’s central bank digital currency (CBDC) this year.
The Digital Yuan May Enter A Wider Test, With the Closer Participation of Beijing and Shanghai
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Chinese State-Owned Bank Launches ATMs for Digital Yuan

The Agricultural Bank of China has launched an ATM pilot program that allows citizens to convert cash and savings to and from digital yuan.
Chinese State-Owned Bank Launches ATMs for Digital Yuan
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ICoinTime|Digital Yuan: It's Hard to Displace Tether in Asia for Now

China's CBDC hopes to take place of U.S. dollar, but Genesis Block's Charles Yang notes that it doesn't offer a compelling alternative to USDT.
ICoinTime|Digital Yuan: It's Hard to Displace Tether in Asia for Now
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ICoinTime|China's Digital Yuan Is Prepared for the 2022 Beijing Winter Olympics

A test pilot of the digital Yuan has been confirmed by the China's central bank, preparing for its launch before the 2020 Winter Olympics in Beijing.
ICoinTime|China's Digital Yuan Is Prepared for the 2022 Beijing Winter Olympics
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ICoinTime|Digital Yuan Leads No Way to Inflation, Bank of China Says

Central Bank of China claims that digital Yuan will not cause inflation.
ICoinTime|Digital Yuan Leads No Way to Inflation, Bank of China Says
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Second Lottery in Suzhou for Realizing Its Digital Currency Dream

Dec. 5 saw the Suzhou Municipal Government along with the People's Bank of China announced that people could make an appointment about the pilot program related to digital yuan lottery.
Second Lottery in Suzhou for Realizing Its Digital Currency Dream
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HKMA to Work with PBOC to Test Digital Yuan Use Cases

According to Hong Kong Monetary Authority (HKMA) - the city's central banking institution, it is joining hands with the People's Bank of China, or PBOC, to test digital yuan use cases.
HKMA to Work with PBOC to Test Digital Yuan Use Cases
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China to Attempt to Position Digital Yuan as a Global Reserve Currency at G20 Summit

With the international community making an effort to recover from the COVID-19 pandemic, Chinese President Xi has appealed for heads of government to keep an open and accommodating attitudes towards Central Bank Digital Currencies, or CBDCs.
China to Attempt to Position Digital Yuan as a Global Reserve Currency at G20 Summit
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ICoinTime|Digital Yuan: A Strong Competitor for US 'dollarization'

As per Zhou Xiaochuan, "We need to prevent dollarization - this is one of the major designing points of the Chinese DCEP."
ICoinTime|Digital Yuan: A Strong Competitor for US 'dollarization'
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PBoC proposes revised banking law to legalize digital yuan CBDC

According to the notice, the draft has proposed to launch a CBDC project which has come to be known as the digital or e-yuan.
PBoC proposes revised banking law to legalize digital yuan CBDC
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