China’s First Batch of Migrant Workers Gets Paid in E-Yuan in Chengdu
(Yicai) Feb. 11 — Migrant workers at a construction project in western Chengdu have become the first in…
Scott Bessent ‘Would Not Be Surprised’ If China Was Building Digital Assets Backed By Gold
Treasury Secretary Scott Bessent told the Senate Banking Committee he “would not be surprised” if China was building…
RBI proposes linking BRICS’ digital currencies, says report – here’s why it would be an important move
The Reserve Bank of India (RBI) has proposed linking the official digital currencies of BRICS countries to facilitate…
Digital Yuan to Pay Interest Starting 2026
PIX is a payment method developed by the Central Bank of Brazil. Photo by BeInCrypto China’s digital yuan…
China to Require Banks to Pay Interest on Digital Yuan Wallets From 2026
(Yicai) Dec. 30 — China’s central bank said banking institutions will be required to pay interest on balances…
10% of Global Crypto Users are in China where Crypto is Illegal
Even after Beijing banned most cryptocurrency trading and mining in 2021, private interest in crypto has proved surprisingly…
China’s central bank vows to stamp out ‘illegal activities’ like trading in stablecoins
Beijing has reaffirmed its tough stance on virtual currencies, warning of a resurgence in speculative trading and vowing…
Could digital currencies end banking as we know it? The future of money
Inkoly/Shutterstock Throughout history, control over money has been one of the most powerful levers of state authority. Rulers…
Will China’s digital yuan centre be a step forward for internationalisation?
China is stepping up efforts to encourage the use of its digital yuan in cross-border payments and overseas…
China’s digital yuan roared out of the gate, but stumbling blocks could give it pause
The downfall of Yao Qian, who spearheaded China’s digital currency design at the People’s Bank of China, has…