• digital yuan internal testing
    The digital yuan will soon be coming to the rest of China, including financial center Shanghai (Photo: Pixabay/Renjinpeng)
    Politics,  Technology

    Digital yuan faces internal testing ahead of full-scale deployment

    Having passed limited roll-outs in seven cities including Beijing and Hong Kong, China’s digital currency is undergoing full-scale internal testing ahead of a broader launch

    September 25, 2020 /

    “The internal testing is mainly to test the technical reliability and maturity of the digital currency," said Fan Yifei, deputy governor of the PBoC. "The internal test requires that the digital currency should only run within a very clear boundary, which is quite demanding for the test scenario.”

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  • JD.com supports digital yuan
    China's biggest retailers are lining up to support the digital yuan (Photo: JD.com)
    Cryptocurrencies,  Technology

    Another Chinese ecommerce behemoth adds digital yuan support

    Plans to integrate a mobile wallet for both online and offline usage comes as China declares its central bank digital currency ready for rollout

    September 22, 2020 /

    The project is the latest example of major Chinese consumer retail conglomerates backing China’s digital yuan project—formally known as Digital Currency/Electronic Payment, or DCEP.

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  • digital yuan rollout
    "Controllable anonymity" is an oxymoron (Photo: Gerd Altmann/Pixabay)
    Cryptocurrencies,  Regulation,  Technology

    Digital yuan rollout widens China’s lead in virtual currencies and actual surveillance

    ‘Controllable anonymity’ is coming to ride sharing and food delivery apps

    July 15, 2020 /

    A total of three big companies are now reported to be involved in testing the China's digital yuan rollout. Set to become the first major central bank digital currency, it will be tested by food delivery giant Meituan Dianping, ride-hailing firm Didi Chuxing and streaming video platform BiliBili in the experimental rollout of China’s Digital Currency Electronic Payment (DCEP) system.

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