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Category: China CBDC

Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

The post Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021 appeared first on Coingape.

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China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements,

The post China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi appeared first on Coingape.

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Beijing Rail Transit Accepting Digital Renminbi Payments in Pilot Program

The Beijing Rail Transit has launched a pilot program that accepts the country’s CBDC for payments. The digital renminbi can now be used to pay for tickets on multiple railway lines.

The post Beijing Rail Transit Accepting Digital Renminbi Payments in Pilot Program appeared first on BeInCrypto.

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