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China
Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
3 Chinese E-Commerce Giants Join Latest Digital Yuan Lottery Trial: Report
Didi, Meituan and Bilibili are reportedly taking part in the latest test of the digital yuan, allowing lottery winners to spend the digital currency online.
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.
Huobi's HUSD Stablecoin to Run on Nervos Blockchain
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.
China's Latest Digital Currency Trial Is Its Most Important Yet
More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.
Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments.
Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution
The well-known economic historian connects the dots between bitcoin and CBDCs in the COVID-19 money era.
Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts
Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by the authorities.
JD.Com Says It's Accepting China's Digital Yuan for Latest Lottery
Chinese e-commerce firm JD.Com says it has become the first online platform to accept the nation's central bank digital currency.
Ringleaders of PlusToken Scam Jailed for Up to 11 Years
Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.
