Monday, October 26, 2020
Tags Chinese digital currency electronic payments

Tag: Chinese digital currency electronic payments

Xiong’an New Area to Trial Use of Digital Renminbi for Cross-border Payments

The Xiong’an New Area in Hebei Province has unveiled plans to explore the use of the digital renminbi (central bank digital currency...

Still No Release Schedule for China’s Central Bank Digital Currency: PBOC

A senior official from the Chinese central bank says there is still no date for the official rollout of its digital currency/...

Baidu’s Launch of China’s First Virtual Bank Card Unrelated to CBDC Trials

Baidu's recent release of a virtual "digital bank card" has triggered much speculation over its ties to the central bank digital currency...

Chinese Supreme Court Calls for Stronger Property Rights over Digital Currencies and Virtual Assets

The Chinese Supreme Court has flagged heightened protections for property rights in relation to digital currency in the lead up to the...

Cross-Chain Compatibility Will Unlock the Full Potential of CBDC’s: Sky Guo

As central banking moves towards the inevitability of digitization, global institutions and their governing countries must move in lockstep to ensure the...

Meituan Dianping to Take Part in Trials of China’s Central Bank Digital Currency

Beijing-based food delivery and consumer sales giant Meituan-Dianping has joined the exclusive cohort of companies participating in trials of China's central bank...

China’s Statutory Digital Currency Won’t Undermine Mobile Payments: Central Bank’s CBDC Chief

The head of digital currency research for the Chinese central bank says that its upcoming statutory digital currency (also referred to as...

China’s Central Bank Digital Currency Likely to Co-exist with Third Party Payments over the Long Haul

A leading blockchain expert says that there is room for China's new central bank digital currency (CBDC) to co-exist alongside established third...

No Schedule Yet for Launch of Central Bank Digital Currency: PBOC Governor Yi Gang

The governor of the Chinese central bank says that it has not assembled a concrete timeline for the launch of its much-anticipated...

Central Bank Digital Currency Poses a Threat to US Dollar Hegemony: JPMorgan

A report from JPMorgan Chase & Co points to the potential for China's proposed central bank digital currency (CBDC) to undermine the...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...