e-CNY

China, despite its stern anti-crypto stance, is among the fastest growing examples of how big economies can experiment with CBDCs. The Bank of China is now testing an offline payment system which would work in integration with SIM cards. A…

China is among the largest nations in the world, that is experimenting extensively with its CBDC initiative. In a fresh development, China's Changshu city has reportedly decided to compensate all civil servants within its jurisdiction in…

China, which has been accelerating its efforts to drive the adoption of its CBDC, has undertaken a new experiment, coloured in traditions, to get more people to use the e-CNY. The Chinese authorities have introduced a feature for existing…

China has launched a new ‘digital yuan’ this year, which is controlled by the country’s central bank. While authorities have been encouraging people for massive adoption of digital currency, according to state media reports, a central bank…

China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of government policies. The southern city of Shenzhen started…

Digital Rupee: There are many benefits to an Indian CBDC. But is this rush just an attempt to get ahead of China? India has surprised the payments world by announcing that its…