Other 01/07/21 22:30 by Bernice Nyambura

US Rep Warren Davidson Labels China’s DCEP A “Creepy Surveillance Tool”

Ohio’s State Representative Warren Davidson has said that in order to protect the US citizen’s rights and constitutional freedom, the country shouldn’t emulate China on matters concerning digit...
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Other 18/06/21 17:06 by Bernice Nyambura

China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The sta...
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Other 25/03/21 21:07 by Bernice Nyambura

Central Banks Should Develop Globally Interoperable CBDCs – China Proposes

Central Bank Digital Currencies (CBDCs) should have a set of rules applicable globally to deal with highly sensitive issues like information sharing and monitoring. This is according to a new proposa...
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Other 16/12/20 16:00 by John Caroline

Digital Yuan Still in Trial: China Airdrops Another $3 Million Worth of Its DCEP to 10,000 Suzhuo Residents

China’s digital Yuan has been facing a series of trials since its launch. The country has been making several attempts to gain a foothold for its digital currency. Still, in the test phase, ...
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Crypto 24/10/20 17:23 by Bernice Nyambura

There Won’t Be Any Stablecoin For The Digital Yuan If PBoC Implements Revised Banking Law

China’s Central Bank, the People’s Bank of China (PBoC) is looking to revise the current banking law to legalize the Digital Yuan and prohibit the development of any tokens pegged to the digital ...
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Other 13/10/20 20:30 by Bernice Nyambura

China Awards Shenzhen Residents with 200 RMB in its DCEP to Spend and Test Out Locally

China is forging ahead with the latest testing of its digital currency electronic payment (DCEP) that is awarding lottery winners tickets in Shenzhen with 200RMB (30 USD) in DCEP to test out and spen...
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