CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange.
Category: Bank of China
Auto Added by WPeMatico
Bank of China: Platforms must provide digital yuan retail payment option
In the short term, e-commerce platforms can integrate the CBDC through QR codes.
BNP Paribas teams up with Bank of China to promote digital yuan usage
The partnership will enable BNP Paribas China’s corporate clients to make payments using the digital yuan through an e-CNY management system.
Powered by WPeMatico
China’s state-affiliated banks are on-boarding crypto companies in Hong Kong
Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for these crypto platforms.
Powered by WPeMatico
Hong Kong citizens not interested in digital yuan: Reports
Despite the 20% discount, the e-CNY hard wallets don’t attract much attention from the islanders.
Powered by WPeMatico
Bank of China ex-advisor calls Beijing to reconsider crypto ban
The current crypto ban in China is beneficial in the short term, but there are big opportunities that can be missed in the long run, the economist argued.
Powered by WPeMatico
Former Chinese central banker says digital yuan ‘usage has been low’
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
Powered by WPeMatico
Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear.
Powered by WPeMatico
Bank of China: Digital yuan transactions volume crossed $14B mark
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong.
Powered by WPeMatico
Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules
Powered by WPeMatico