Auto Added by WPeMatico

Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants…

Continue ReadingChinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were…

Continue ReadingChina, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

Settlements With China — Russia Plans Next Step for Digital Ruble

Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to…

Continue ReadingSettlements With China — Russia Plans Next Step for Digital Ruble

Australia Issues White Paper for Central Bank Digital Currency

Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties…

Continue ReadingAustralia Issues White Paper for Central Bank Digital Currency

China accounts for 84% of all blockchain patent applications, but there’s a catch

China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech.

Continue ReadingChina accounts for 84% of all blockchain patent applications, but there’s a catch

Hong Kong to Start Testing Digital Currency in Coming Months

China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is…

Continue ReadingHong Kong to Start Testing Digital Currency in Coming Months

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced…

Continue ReadingChina to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

Ethereum-Based ‘Cryptoruble’ Token Under Development in Russia

Developers are working on a “cryptoruble” that, as they say, can improve Russians’ access to global exchanges and be used for cross-border payments. Defi platform Indefibank, which is behind the…

Continue ReadingEthereum-Based ‘Cryptoruble’ Token Under Development in Russia

Foreigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests

Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in Moscow…

Continue ReadingForeigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests