
Beijing to Use Winter Olympics as Global Launchpad for Digital Yuan
China's digital yuan is set to undergo a closely watched pilot run at this year's Winter Olympics.
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China's digital yuan is set to undergo a closely watched pilot run at this year's Winter Olympics.
Futian District in the city of Shenzhen issued 20 million digital yuan to eligible local citizens in 100,000 red envelopes, each with a value of 200 yuan, marking the second time the city of Shenzhen participated in an official e-yuan pilot in the form of red envelopes.
An official at the People’s Bank of China (PBOC), China’s top monetary authority, has called for more robust international management of state-backed digital currencies.
<p>"Electronic RMB (Pilot) Apps" kini telah diluncurkan di berbagai toko aplikasi web utama.</p>
A Weibo blogger revealed an internal note issued by Chinese EV maker NIO showing that an administrator of a cluster server surnamed Zhang had used the company's servers to illegally mine the digital currency Ethereum.
GAC NIO on Dec. 31 posted on its official Weibo account that it became the first auto company in China to accept Bitcoin as payment for vehicle purchases.
QuantInfo Technology, a Shanghai-based company that provides quantitative trading technology and services, announced that it has completed a B round of financing worth over 100 million yuan ($15.7 million).
The "e-CNY (Pilot) App" has now been launched on major web application stores.
The city of Shenzhen has selected 50,000 individuals to participate in its digital yuan “red packets” pilot program, according to the local government.
On Jan. 20, the third round of digital currency pilot testing, part of larger scheme to introduce the E-Yuan in mainland China, was launched in Shenzhen.
The digital currency trial in the city of Suzhou came to an end on Dec. 27 at midnight, Beijing local time, which lasted for two weeks starting from Dec. 11.
Huang Qifan, vice chairman of CCIEE, firmly holds that China's central bank is close to developing its blockchain-based financial technology and will be the first to officially roll out a usable digital currency.