#yuan

Bybit Opens Doors to Chinese Traders

Bybit Opens Doors to Chinese Traders

Cryptocurrency exchange Bybit has confirmed that users from China can trade using Virtual Private Networks (VPNs). However, the platform has no plans to support the yuan.

4 Dec 2024

PetroChina Makes History with Digital Yuan Oil Trade

PetroChina Makes History with Digital Yuan Oil Trade

Chinese oil and gas giant PetroChina has achieved a historic milestone by completing the first international crude oil trade using China’s central bank digital currency (CBDC), the e-CNY.

23 Oct 2023

Bank of China Explores SIM Card Payments for Digital Yuan

Bank of China Explores SIM Card Payments for Digital Yuan

Bank of China has entered into a partnership with major telecommunication operators, China Telecom and China Unicom, to conduct a trial of SIM card payments for the digital yuan.

GNcrypto 12 Jul 2023

China's Digital Yuan Faces a Setback

China's Digital Yuan Faces a Setback

The trial run to integrate the digital yuan has faced substantial challenges, leading to its eventual failure. Despite the backing from China's regulators, the eagerness to utilize e-CNY turned out to be insufficient.

Iaroslava Kramarenko 26 Jun 2023

Is the Chinese crypto market bouncing back?

Is the Chinese crypto market bouncing back?

Hong Kong plans to legalize cryptocurrency and related transactions on June 1st, 2023. In addition, the country will launch a stablecoin pegged to the offshore Chinese yuan.

GNcrypto 21 Feb 2023

Chinese Official Becomes a Spy Due to Cryptocurrency Debts

A Chinese government official with significant cryptocurrency investments was recruited by foreign spies and sold state secrets to cover his crypto-related losses. Wang Moumou received over 1 million yuan for his activities but was ultimately sentenced to life imprisonment for espionage.

8 Nov 2024

Asia Embraces CBDCs: Economic and Geopolitical Factors

Asia Embraces CBDCs: Economic and Geopolitical Factors

For eighteen months, digital yuan transactions have amassed $250 billion. China has now explicitly declared its plans to broaden the scope of its pilot and evolve the CBDC into not just a regional, but a leading global digital currency.

Ivan Dikalenko 2 Aug 2023

CBDC Payments Introduced on Buses in China

CBDC Payments Introduced on Buses in China

Jinan, a pivotal city situated in the Shandong Province of China, is propelling the adoption of China's trailblazing central bank digital currency (CBDC), known as the digital yuan. An expansion has taken place where the entire bus network of Jinan is now fully equipped to accept digital yuan as payment for bus fares.

GNcrypto 4 Jul 2023

CNHC Stablecoin Team Goes Missing and Detained by Authorities

CNHC Stablecoin Team Goes Missing and Detained by Authorities

May 31, PANews - In a groundbreaking report, PANews has obtained exclusive information regarding the disappearance and subsequent detainment of the team behind CNHC, an offshore Chinese yuan (RMB) stablecoin pegged at a 1:1 ratio.

GNcrypto 31 May 2023

China is testing CBDC in the public transport system

China is testing CBDC in the public transport system

China is successfully conducting the second stage of testing its own digital currency. It is already possible to pay with Chinese CBDC in public transport in Guangzhou. Read more about the second stage of testing the digital yuan in this article.

Oleksii Haiduchyk 29 Aug 2022

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