China has upgraded the digital Yuan to pay interest, marking a shift in CBDC design with implications for banks, payments, ...

Yao Qian, the former head of the digital currency wing of the People's Bank of China, has been found guilty of taking a bribe ...

The People’s Bank of China (PBOC) has unveiled The Action Plan for Further Strengthening the Digital Yuan Management Service System and Related Financial Infrastructure Construction (the “Action Plan” ...

・The People's Bank of China is transferring the digital yuan from cash to deposits. ・The PBOC reportedly said interest on verified e-CNY accounts will link the digital yuan to traditional deposits and ...

BEIJING/SHANGHAI, Dec 29 - Holdings of China's digital yuan, or e-CNY, will start generating interest income next year under a new framework, state broadcaster CCTV said on Monday, as China steps up ...

BANGKOK — China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world’s second-largest economy and challenge the ...

China has long pushed back against digital currencies, but that might be changing. For years, Beijing’s position on digital assets seemed resolute: cryptocurrencies were a threat to financial ...

China’s digital currency landscape is about to experience its most significant transformation since inception. The People’s Bank of China has quietly prepared groundbreaking changes that will ...

In an effort to increase adoption of its central bank digital currency (CBDC), China will allow digital yuan users to earn interest on their holdings, according to a report in Bloomberg. Interest ...

China’s central bank, the People’s Bank of China (PBOC), has unveiled a comprehensive action plan to elevate its central bank digital currency (CBDC), the digital yuan (e-CNY). Effective January 1, ...