BNP Paribas will partner with Bank of China to launch an e-CNY services for corporate clients and explore the CBDC's use in supply chain finance and other areas.
May 10, 2023Xuzhou will use the e-CNY for payment of Belt and Road trade costs; Changshu City will use it to pay civil servants.
April 28, 2023HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.
April 26, 2023The US's cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar's dominance and have implications for sanctions evasion.
January 30, 2023China's e-CNY system can also now capable handle offline payments, and "tap to pay" can function when devices are powered off.
January 18, 2023e-CNY in circulation amounted to around $2bn at the end of December, representing 0.13 percent of total currency in circulation.
January 13, 2023The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China's payments sector.
December 17, 2022Twenty defendants have been arrested on suspicion of illegal business activity and money laundering using the e-CNY.
September 30, 2022The bill would establish rules for crypto exchanges, custody providers stablecoin issuers, and banks facilitating e-CNY transactions.
September 23, 2022