China's central bank digital currency (CBDC) app, e-CNY, recorded 180 million personal wallets and transactions worth ¥7.3 trillion ($1.02 trillion) by July 2024, in its ongoing pilot program. This ...

Yao Qian, the influential figure behind China’s central bank digital currency (CBDC) project, is currently under investigation for suspected “violations of discipline and law.” Qian played a pivotal ...

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China’s e-CNY, piloted in 2019, has positioned the country as a leader in central bank digital currencies (CBDC). Growth has been impressive, especially following the launch of its mobile app in 2022.

As global momentum appears to be building for the development of central bank digital currencies (CBDCs) – bringing with it the potential to disrupt and revolutionize global payments and finance - we ...

China has been the epicenter of CBDC development in Asia, but even there, the results haven't been outstanding. The hype is being separated from the reality when it comes to retail central bank ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The government has launched the park to bolster the e-CNY ...

DBS (SGX:D05) announced it is one of the first foreign banks in China to launch an e-CNY merchant collection solution and complete an e-CNY transaction for a client. The solution empowers corporate ...

Beijing should consider allowing for Chinese Yuan (CNY)-backed stablecoins if it wants to internationalize its currency, Circle CEO Jeremy Allaire said in a recent interview with the South China ...

SHANGHAI, Oct 13 (Reuters) - A Chinese foreign exchange regulator official said "programmable features" of a central bank digital currency (CBDC) could help enhance the effectiveness of monetary ...

Federal Reserve Governor Christopher Waller said the growing use of dollar-backed stablecoins could strengthen the global influence of U.S. monetary policy, while reiterating his skepticism toward ...