what crypto is china using

Last Updated on October 27, 2023 by Paganoto

Let's Start With What China's Digital Currency is Not – DigiChina

Let's Start With What China's Digital Currency is Not – DigiChina

What is the e-CNY? China's digital currency goes by many names: the digital yuan, the e-Renminbi (e-RMB), the Digital Currency/Electronic Payment (DC/EP) project, and most commonly today, e-CNY.Mar 8, 2022

China launches digital currency app to expand usage – CNBC

China launches digital currency app to expand usage – CNBC

The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency …

What does China's Digital Yuan mean for Bitcoin?

What does China's Digital Yuan mean for Bitcoin?

Officially known as a Digital Currency Electronic Payment (DCEP), China wants to replace its fiat currency with the digital one to encourage …

China's Digital Yuan on WeChat – Investopedia

China's Digital Yuan on WeChat – Investopedia

China launched its pilot digital yuan on Tuesday, Jan. 4, 2022. The digital currency works through a mobile app, e-CNY, which is available …

China's answer to crypto is the digital yuan – Quartz

China's answer to crypto is the digital yuan – Quartz

China’s digital yuan takes inspiration from cryptocurrency while tempering the features that make crypto unpopular with Beijing.

China's digital yuan shows why we still need cryptocurrencies …

China's digital yuan shows why we still need cryptocurrencies …

The digital yuan has already been piloted in various Chinese cities and was used in more than $8 billion worth of transactions in the second …

China has a digital currency — and people are starting to use it

China has a digital currency — and people are starting to use it

Some 140 million people had opened “wallets” for China’s new digital yuan as of October and used it for transactions totaling around 62 billion …

China Creates Its Own Digital Currency, a First for Major …

China Creates Its Own Digital Currency, a First for Major …

A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial …

China Launches Digital Yuan App – All You Need to Know

China Launches Digital Yuan App – All You Need to Know

Is e-CNY a type of cryptocurrency? No. The e-CNY is a type of Central Bank Digital Currency (CBDC) and is issued by the People’s Bank of China ( …

What's behind China's cryptocurrency ban?

What's behind China's cryptocurrency ban?

In late September 2021, the People’s Bank of China (PBOC) banned all cryptocurrency transactions. The PBOC cited the role of …