Chinese Institutions Use Digital Yuan for Gold Recycling and Land Registry Payments

Chinese Institutions Use Digital Yuan for Gold Recycling and Land Registry Payments

The Shenzhen Branch of the People’s Bank of China (PBoC) has collaborated with the Shanghai Gold Exchange to pioneer a gold recycling initiative powered by China’s Digital Yuan CBDC. Other contributors to this project include the Shenzhen Futian District local government, the Shenzhen Branch of the China Construction Bank, and Jinyafu, a gold trading company. […]

South Korea’s Central Bank to Reveal CBDC ‘Blueprint’ in Upcoming Month

South Korea's Central Bank to Reveal CBDC 'Blueprint' in Upcoming Month

According to a report from cryptonews, the Bank of Korea (BOK), the central bank of South Korea, is gearing up to introduce a comprehensive plan for its Central Bank Digital Currency (CBDC) in the upcoming month of September. This strategic move is aimed at accelerating the advancement of the digital Korean won (KRW) as the […]

China Minsheng Bank and JD.com Collaborate to Introduce Digital Yuan Payment Service

China Minsheng Bank and JD.com Collaborate to Introduce Digital Yuan Payment Service

China’s Minsheng Bank has revealed a strategic partnership with JD.com, a prominent e-commerce giant with a strong interest in central bank digital currencies (CBDCs), to inaugurate a digital payment service powered by the digital Chinese Yuan (CNY). In a recent report by Shzhidao (via Sohu), Minsheng Bank’s customers located within the CBDC pilot zone can […]

Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?

Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?

Source: CryptoNews Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives. In an interview with the Chinese media outlet Stockstar, one of the firms at the center of the adoption drive said it was targeting […]

Visa to Develop Brazilian Blockchain-powered CBDC Project

Visa to Develop Brazilian Blockchain-powered CBDC Project

Source: Cryptonews The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil. Per the Brazilian media outlet Livecoins, the firm was selected by the Brazilian central bank to “explore” blockchain technology-powered “usage cases” for the prototype digital real. The bank is hopeful of debuting its coin later this year. It has also claimed that […]

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