Shenzhen Welcomes Businesses with Benefits to its Digital Yuan Industrial Park

Shenzhen Welcomes Businesses with Benefits to its Digital Yuan Industrial Park

Companies across various sectors – from industrial firms, fintechs, commercial banks, to startups – that decide to set up shop in Shenzhen’s newly inaugurated digital yuan industrial zone will enjoy a suite of perks. These include settlement payments ranging from 500,000 to 50m yuan (roughly US$6.8m), up to three years of rent-free tenure, and loans […]

Laos central bank launches CBDC pilot

Laos central bank launches CBDC pilot

Source: NFC World The central bank of Laos has begun testing a proof of concept central bank digital currency (CBDC) known as the DLak or digital Lao kip as part of its research into the potential issuance of a CBDC in the country. During the pilot the Bank of the Lao PDR will issue the CBDC to […]

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