Chinese City, Suzhou, to Launch Digital Yuan During Double 12 Event
Suzhou is set to become the second Chinese city to roll out the digital version of the national currency, Yuan. The launch is slated to be conducted through a ‘red…
PBoC
Shenzhen to Give Away 10 Million Digital Yuan
China is set to give out $1.5 million in its promotion of its central bank digital currency. A pilot program of the currency will be launched by the major Chinese…
China central bank prints new money worth the entire Bitcoin market cap
The People’s Bank of China (PBoC) injected new money into its economy on Monday, February 3, in an effort to alleviate financial instability. This followed in the wake of an…
China’s plan to roll out its digital currency
Zhou Xiaochuan, the former governor of the People’s Bank of China (PBoC), has revealed China’s plan to roll out its digital currency. According to Zhou, China’s approach will be two pronged…
