the collaboration between Singapore and China in launching a digital yuan pilot for tourist transactions marks a pivotal development in the realm of CBDCs. As digital currencies continue to gain traction, this initiative enhances cross-border financial cooperation and sets the stage for broader global implications.
EdmundStandard Chartered Bank's imminent participation in China's digital yuan pilot project signifies the growing global interest in digital currencies. As a pioneer in this venture, the bank anticipates a wide array of applications for the digital yuan in international trade and finance.
Huang BoAccording to some estimates, around 5.6 million merchants now accept the digital currency as payment.
ClementTourists with plans to explore the People's Republic of China have a new avenue of convenience at their disposal. Its e-CNY app has expanded its capabilities to include top-up services with Visa and MasterCard.
KikyoBetween January and June 2023, individuals and companies in Hunan Province have effectively utilized the digital yuan to settle a total of $51.3 million in taxes, spanning 794 transactions.
CaptainXChinese firms stand out as some of the most active buyers in the global commodities market, and officials believe that the incorporation of the digital yuan in clearing houses will enhance the security of cross-border settlements for bulk commodities.
Coinlive China's digital yuan has witnessed tremendous growth as the central bank ramps up its CBDC pilot in the last one-and-a-half ...
BitcoinistThe China Merchants Bank, in collaboration with the Civil Aviation Administration Clearing Center, has launched an e-CNY platform enabling companies and entrepreneurs to pay for business air tickets using the digital yuan.
Coinlive WeChat, a popular app in China, has integrated the digital Yuan into the platform.
BitcoinistThe Digital Assets (Market Regulation) Bill 2022 also lays down disclosure rules for Australian e-yuan facilitators.
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