Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an…
Auto Added by WPeMatico
China’s central bank to expand deployment of e-CNY
Over 4,567,000 merchants across the country now accept the e-CNY as payment.
Trend Forecaster Gerald Celente Says World War 3 Has Begun — ‘If the People Don’t Unite for Peace, We Are Finished’
This week Bitcoin.com News spoke with Gerald Celente, the popular trends forecaster, and publisher of the Trends Journal. During a telephone conversation, Celente discussed the uncertainty surrounding the global economy…
City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs.
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The…
Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly…
China’s Central Bank Adds More Digital Yuan Pilot Cities
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261…
PBOC Reveals Central Bank Digital Currency Usage at Beijing Winter Olympics — 2 Million Digital Yuan per Day
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC…
Digital yuan transactions beat out Visa at Winter Olympics venue: report
Many of the National Stadium retailers allowing purchases with China’s CBDC were outside the Olympics' quarantine bubble for athletes, journalists, and staff.
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and…