News with the tag "China digital yuan"

Chinese law enforcement has disrupted a covert banking network that leveraged cryptocurrencies to execute unauthorized foreign exchange transactions totaling around 2.14 billion yuan ($295.8 million). This illicit operation mainly converted the Chinese yuan into the South Korean won, evading the est...

Source: Pixabay Former Governor of China’s central bank PBOC is all optimistic about the country’s central bank digital currency (CBDC) nearing completion. Speaking at a conference in Honng Kong on Monday, Zhou Xiaochuan, the 75-year Chinese economist, said that a ‘digital yuan’ is “already on track...

Source: Adobe/amixstudio Standard Chartered, a British multinational bank, will initiate exchange services for China’s central bank digital currency (CBDC), the digital yuan, as it is set to participate in its trials. On November 27, Standard Chartered announced that it is set to participate in tria...

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Acc...