Zhou said that holders of the digital yuan can use it for trading or investment. He added that, unlike Libra, they “don’t have an ambition to...
Despite the fact that the news is not confirmed, casino operators have recorded losses in reaction to the rumors. The gambling industry in Macau is declining...
China is scheduled for another test trial for its digital currency. The country had previously offered millions of digital yuan in a lottery during its biggest...
The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from...
Huawei has pioneered the integration of DCEP hardware wallets in its new Mate 40 5G-powered smartphone series. China-based Huawei Technologies Co Ltd has unveiled its latest...
The free digital yuan currency awarded in the lottery can be spent only in 3389 stores that are set up to handle electronic payments. As China...
The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International,...
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The rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of China’s new sovereign digital money via lottery, as China seeks...
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