#e-cny

[bighermie]

Chinese Regime Pushing Digital Currency for Mass Surveillance, Experts Say

The Chinese Communist Party (CCP) recently launched a new round of campaigns promoting its Central Bank digital currency, ...

Digital currency allows the government to know EVERYTHING that you buy including when and how much.

[rwatimes]

China Aggressively Pushes Digital Yuan Amid The USA’s Anti-CBDC Stance

China’s central bank is ramping up demand for the digital yuan by offering policy incentives to banks and financial institutions adopting it.

➤ China is aggressively promoting its digital yuan (e-CNY) through policy incentives for financial institutions, contrasting sharply with the US's anti-CBDC stance. ➤ The digital yuan is being utilized for cross-border transactions, particularly within China's Belt and Road Initiative, and by countries like Iran to bypass Western sanctions. ➤ China's push for the digital yuan aims to establish it as a foundational layer for an alternative global economy, while simultaneously restricting cryptocurrencies and RWA tokenization to maintain monetary dominance.

[rwatimes]

Exclusive: From lottery draws to fiscal spending, China broadens digital yuan footprint

China's central bank is making a broad push to increase the use of digital yuan at home and abroad, several industry sources said, setting Beijing on a different - and potentially competing - path from the United ​States in shaping the future of money.

➤ China's central bank (PBOC) is aggressively expanding the use of the digital yuan (e-CNY) domestically and internationally, with incentives for banks to promote its adoption. ➤ The initiative aims to reduce reliance on the dollar-dominated global payment system and bolster the yuan's international influence, particularly along Belt and Road routes. ➤ While facing challenges in retail adoption and overseas enthusiasm, China is testing smart contract applications and exploring cross-border platforms like mBridge to enhance its global financial footprint.

[finovohub]

Digital Yuan holdings to earn interest under China's new framework

The People’s Bank of China (PBOC) will launch a new digital yuan framework on Jan. 1, letting commercial banks pay interest on holdings in a move to incentivize broader adoption of the central bank digital currency. The so-called “action plan” will shift the digital yuan (e-CNY) from its current role as digital cash to digital deposit money, Lu Lei, a deputy governor of the People’s Bank of…

Digital Yuan holdings to earn interest under China's new framework

[cryptonewsweb]

Государственный аналитический центр Китая рассматривает Биткоин как резервный актив

Государственный аналитический центр при Народном университете Китая опубликовал материал, где BTC назван альтернативой золоту на фоне ослабления доллара и инфляции. Международный валютный институт (МВФ), поддерживаемый государством финансовый аналитический центр Китая, переиздал статью, в которой биткоин незаметно поднимается на вершину дебатов о резервном активе. В отчёте бывшего экономиста…

Государственный аналитический центр Китая рассматривает Биткоин как резервный актив

[pavel-nosok]

Digital yuan app adds prepaid Mastercard Visa top-ups for tourists

The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.

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[pavel-nosok]

China’s digital yuan nears $250B transaction volume: Central bank governor

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

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[pavel-nosok]

China could benefit from yuan stablecoin over its CBDC — Circle CEO

China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency.

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