Recently, the People's Bank of China released the "China Financial Stability Report (2023)". In the chapter on other industries and emerging risks, the report points out that crypto-assets have both financial and digital technology risks.
JinseFinanceThis marks the first transaction in the domain of cross-border digital yuan (e-CNY) payments in the precious metals market.
BrianStandard Chartered Bank's imminent participation in China's digital yuan pilot project signifies the growing global interest in digital currencies. As a pioneer in this venture, the bank anticipates a wide array of applications for the digital yuan in international trade and finance.
Huang BoThe country's digital asset regulatory body, the National Agency of Perspective Projects (NAPP), has declared JSV "Ravnaq-bank" as a participant in the Special Regulatory Sandbox Regime, according to a press release on August 15, 2023.
BrianThis collaboration allows Minsheng customers within the CBDC pilot zone to connect their bank-issued digital wallets to their JD accounts, enabling them to make CBDC payments seamlessly on the platform.
CaptainXChinese firms stand out as some of the most active buyers in the global commodities market, and officials believe that the incorporation of the digital yuan in clearing houses will enhance the security of cross-border settlements for bulk commodities.
Coinlive DBS, one of the leading banks in Asia, has become one of the first foreign banks in China to introduce ...
BitcoinistThe unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication.
CointelegraphOver 4,567,000 merchants across the country now accept the e-CNY as payment.
CointelegraphThe U.S. bancassurer has expressed concerns about the ability of the institutions it oversees to adequately assess the risks of cryptocurrencies, while it is less sure about its own.
Cointelegraph