Digital Yuan (e-CNY)
Digital yuan (e-CNY, 数字人民币) news: PBOC pilots, infrastructure, smart contracts, cross-border use and mBridge.
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e-CNY hard wallets now pay fares across Shenzhen’s whole metro and bus network
Since November 3, riders in Shenzhen can tap an e-CNY hard wallet to pay at all 432 metro stations and on nearly 900 bus routes. Eight banks issue the wallets,…
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e-CNY salaries reach Jiangsu universities as staff pay moves to digital wallets from November
Yangzhou University and Nantong University will pay staff salaries into e-CNY wallets from November, following notices from the Jiangsu finance department. Suzhou recorded 6 trillion yuan of e-CNY transactions in…
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e-CNY settlement in Guangxi now reaches Hong Kong, Laos, Malaysia and Singapore
The PBOC’s Guangxi branch said on October 30 that e-CNY settlement channels with Hong Kong, Laos, Malaysia and Singapore are open, and that it will push e-CNY use across the…
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Deep dive: e-CNY 2.0 moves into taxes, pensions and trade settlement
Ten months after the PBOC turned the e-CNY into interest-bearing deposit money, the first tax, pension and trade payments in it are arriving. The average transaction is getting larger as…
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mBridge carries first e-CNY bunker fuel settlement in Zhejiang free trade zone
Bank of China’s Zhoushan branch used mBridge to settle a fuel supplier’s bunkering income in e-CNY against an electronic delivery note, a first for the Zhejiang Pilot Free Trade Zone.
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e-CNY reaches data trading and housing funds with first deals in Beijing and Shanghai
Beijing’s big data exchange settled its first data trade in e-CNY, and CCB Shanghai launched e-CNY housing provident fund payments, pushing the digital yuan into corporate and government use.
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PBOC upgrades e-CNY infrastructure with central bank system and smart contract framework
The PBOC unveiled a central-bank-side e-CNY system and a smart contract framework as e-CNY transactions reached about 31 trillion yuan.
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