• digital yuan internal testing
    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

    “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.”

  • JD.com supports digital yuan
    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

    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.

  • digital yuan rollout
    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

    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.