China is to start paying the salaries of some civil servants and public officials using its central bank digital currency (CBDC), it was reported today. The current take up...
Officials and experts have discussed the development and trends of China’s intelligent finance. A report on the topic was released on Sunday, during an online conference hosted by a...
China’s central bank digital currency (CBDC) reached the milestone of 100 billion yuan (US$13.9 billion) worth of transactions amid a slowdown in uptake, South China Morning Post (SCMP) reported...
Alipay, WeChatPay mobile payments dull appeal of central bank’s efforts Eight years after China first embarked on the path toward a digital yuan, the central bank’s pilot program for...
A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard...
The President of the United States has the power to block certain investments in U.S. companies from foreign companies if they are seen as a threat to the national...
Shenzhen, China’s tech hub, in an effort to empower its financial markets with enriched technological resources, has being pushing fintech innovation in its capital markets such as running new...
Experts say that billionaire oligarchs close to Russian President Vladimir Putin could potentially blunt the effects of Biden administration’s pledge to impose harsh economic sanctions on the country over...
Days after China released its digital yuan or e-CNY wallet on the Apple and Google app stores in the country, the largest messaging app in the country, WeChat Pay...
Digital yuan, China’s central bank digital currency (CBDC), has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank...