• digital yuan tests success
    The digital yuan has been a huge success, but its a long way from replacing paper currency (Photo: Pixabay)
    Cryptocurrencies,  Politics

    China calls digital yuan tests a great success

    However the launch of the central bank digital currency will not be soon, as a legal framework still needs to be created

    November 2, 2020 /

    Speaking at the Hong Kong Fintech Week conference on Nov. 2, Yi Gang, a governor of the people’s Bank of China, said nearly $300 million of digital yuan has been spent in various pilot programs.

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  • Coming not-so-soon?
    Coming not-so-soon?(Kevin Sanders for Modern Consensus).
    Cryptocurrencies

    China pilots state-issued digital currency

    Despite that, a real central bank digital currency could be a long way off, a Chinese publication reported; Huawei deeply involved

    December 9, 2019 /

    China announced plans to launch real-world test of a central bank digital currency on Dec. 9. But an actual central bank digital currency is probably not coming very soon, the article said.

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