Articles filed under
DCEP – Digital Currency Electronic Payment
Will London be Europe’s next crypto capital?
Top blockchain and cryptocurrency news: Britain’s crypto gamble. WAVES crashing. China’s big digital yuan push.
Chinese electricity bills to become payable using digital yuan
A digital yuan wallet app launched by China’s central bank will include an electricity bill payment feature designed by the country’s State Grid, according to Economic Information Daily, a local financial media outlet. Fast facts Users will be able to pay their electricity bills through the digital yuan app directly and do not need to […]
U.S. senators ask athletes to boycott digital yuan at Beijing Winter Olympics
Privacy concerns prompt call for Americans to avoid e-CNY as lawmakers point to use of WeChat app to ‘surveil, threaten and arrest Chinese citizens.’
China’s digital yuan moves a step closer with smart-contract technology
Central bank in apparent push for adoption ahead of Olympics as it doubles up on warning over non-state cryptocurrencies.
Special Series, Part 3: Digital dragons and digital dollars
In the last installment of a 3-part series on blockchain in Asia, Forkast.News examines: Everyone knows money has value. But does it also have ‘values’?
China’s Agricultural Bank launches fintech center in ‘smart city’ of Xiong’an
Agricultural Bank of China has set up a fintech innovation center in Xiong’an, a model for a so-called smart city.
Special series, Part 1: China bets on the blockchain
Long before most governments, the Asian superpower saw the potential in Bitcoin’s technology to spawn the next internet and a new form of money.
Cash for CBDCs at Beijing ATMs; Asia sees new unicorn in Amber Group | The Daily Forkast
CBDC ATMs appear around Beijing and Hong Kong-based Amber Group is Asia’s billion dollar unicorn after raising US$100 million in its Series B.
Over 3,000 ATMs in Beijing now support digital yuan withdrawals
Two of China’s largest state-owned banks, the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), are now offering two-way exchange between fiat cash yuan and e-CNY digital currency through more than 3,000 ATMs in Beijing, according to reports in local media. Over 3,000 ATMs in Beijing managed by ICBC […]
As Shanghai gives away digital yuan, we hit the streets with a man spending it
Money may be easy to part with when it’s free, but as Shanghai’s first experimental e-CNY giveaway shows, it’s not so easy finding shops to take it.
China reveals e-CNY wallet specifications
China’s central bank has unveiled four specifications of digital wallets for the country’s state-issued digital currency, the e-CNY.
El Salvador’s Bitcoin experiment. Ethereum’s steady rise. Free money in China.
Top blockchain and crypto news: El Salvador bets on Bitcoin as national currency. ETH gains ground on BTC. Beijing dishes out digital yuan in latest trials.
Beijing looks to boost blockchain, create industry champions
China has released guidelines aimed at boosting the country’s blockchain development.
Shanghai in US$3M e-CNY windfall ahead of Dragon Boat holiday
Following a digital yuan giveaway announced for Beijing last week, Shanghai will distribute 350,000 red envelopes to people across the city during next week’s Dragon Boat Festival.
Prominent Chinese economist urges public to ‘avoid confusion’ between digital currency and cryptocurrencies
It is important to distinguish between developing a digital currency for currency digitalization and digitalization of assets or cryptocurrencies so that China can be more focused on preventing risks in the financial sector, said Fan Gang, a Peking University professor and a prominent advocate in China for economic reform. Fast Facts: In a keynote speech […]
Regulators in Hainan warn of illegal crypto fundraising schemes
Regulators Hainan province have issued a warning against illegal fundraising schemes using crypto or blockchain..
Is India’s central bank greenlighting crypto? Bitcoin fees fall to new lows. Cardano rolls out Alonzo upgrade for DeFi.
Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?
China to give away digital yuan worth US$6.3M in latest e-CNY test
China is set to hand out 200,000 virtual red envelopes, each containing 200 yuan (US$31.30) of the country’s prototype digital currency, to Beijing residents.
ICP takes crypto world by storm. Will Ethereum be the next Bitcoin? Goldman Sachs launches crypto trading desk.
Other top blockchain and cryptocurrency news: How Dogecoin copycat SHIB coin vaulted into crypto’s top 20. China unveils fingerprint ID for digital yuan.
China’s new digital yuan wallet with fingerprint ID causes privacy worries
Chutian Dragon and IDEX Biometrics offer DCEP digital currency wallets with fingerprint recognition. The companies say the feature enhances security.
China’s banks unveil ATM for foreigners to use digital yuan
China’s DCEP digital currency, not yet officially launched, take another leap forward with unveiling of prototype ATMs that convert foreign money to e-CNY.
Internet giants JD.com and Ant Group deepen support for China’s digital yuan
China intensifies its nationwide digital currency testing via JD.com paying employee salaries in digital yuan and Ant Group’s MYbank offering e-yuan services.
Ant Group shares exclusive database tech to grow China’s CBDC | The Daily Forkast
China’s internet giant Ant Group shares its OceanBase database for the e-CNY project. More investors try out DeFi platform PancakeSwap.
How China’s DCEP digital yuan could reshape geopolitics and change the world
One year after China unveiled a digital currency via testing, its potential for displacing dollar diplomacy is becoming more understood. Is the US worried yet?
One year after China began testing its digital yuan, China watchers wonder how close it is to launching?
Look for nifty DCEP wallets to make a debut at the 2022 Beijing Olympics
Macao considers e-CNY rollout; kimchi premium arbitrage on the rise | The Daily Forkast
Macao jumps into digital yuan feasibility studies while South Korean banks make moves to curb kimchi premium arbitrage.
IMF wants more crypto supervision in the Philippines | The Daily Forkast
IMF warns issues warnings against crypto exchanges in the Philippines as China extends tests of its digital yuan to its free trade zone, Hainan Province.
Filecoin’s crypto top 10 stint. Coinbase wows with earnings for Nasdaq debut. Japan opens door to CBDC.
Other top blockchain and cryptocurrency news: Hong Kong is new test bed for China’s e-CNY digital currency. Decentraland’s token bridge to Polygon.
Will China’s rising crypto crimes prompt tighter regulation?
Rising Bitcoin prices have inspired a wave of crypto-related Ponzi schemes, fraudulent giveaways and other scams around the world — especially in China.
China opens digital currency door to all. NFTs go wild. Is Singapore’s Temasek buying virgin Bitcoin?
Other top blockchain and cryptocurrency news: Bitcoin prices rise as BTC and ETH options expire. DeFi market steps up as Elon Musk says, ‘Don’t defy DeFi.’
Japan to start digital yen tests as CBDCs gain momentum across Asia
As central banks in China, Korea, Hong Kong and Thailand ramp up CBDC efforts, Bank of Japan is now planning a proof of concept for a digital currency.
China’s DCEP project launches biggest digital yuan test yet
As China widens the e-CNY’s testing to Chengdu, the future of WeChat Pay and Alipay becomes complicated. What are the new CBDC’s pros and cons?
Tesla drives bitcoin to the moon. Ripple XRP finds love in Japan. First Boulevard partners with Visa.
Other top blockchain and crypto news: ETH hits new high with CME Ethereum futures. DeFi yawns at YFI attack. China steps up DCEP digital yuan tests.
Tether prosecution delayed again. Bitcoin’s false ‘double-spend’ rumors. Brave sends 24 million users to Web 3.0 via IPFS.
Other top blockchain and cryptocurrency news: BIS touts digital currencies. China’s blockchain network to add CBDCs as payment option.
China’s blockchain network adds CBDC payment layer, ConsenSys as partner
BSN’s new digital payment network will be a boon to Ethereum, stablecoins and CBDCs like China’s DCEP digital yuan while keeping other cryptos out.
China’s DCEP digital yuan wraps up another mass test
Now renamed e-CNY, China’s new digital yuan has now been tested by 250,000 shoppers in two cities. Is it finally close to launch?
Big waves at SEC: Chief enforcer v. Ripple XRP is out. Is Gary Gensler new SEC chair? Elon Musk’s bitcoin flirtations.
Other top blockchain and cryptocurrency news: WhatsApp refugees swarm Signal. Bakkt to go public via SPAC. China tests out new DCEP digital yuan e-card.
Tale of two nations: How China and US diverge on blockchain policies
China is investing heavily in blockchain technology in government, dwarfing US levels. Forkast.News examines the growing gap and the paths forward.
China tests new phone-free DCEP e-RMB card for helping rural poor
As China presses its digital currency closer to launch, a Shanghai test reveals features aimed at the 700 million Chinese without mobile phones or the internet.
Bitcoin and ethereum prices roar into new year. Ripple XRP fans petition White House for mercy from SEC charges.
Other top blockchain and cryptocurrency news: China intensifies DCEP digital currency testing while Russia, Ukraine and Turkey join global CBDC race.
China’s 5 hottest blockchain developments in 2020
With DCEP nearing launch, China is having a banner year in blockchain-related technologies. Here’s what’s hot in China and what’s too hot to touch.
World Economic Forum’s Sheila Warren expects ‘tremendous activity’ on China’s digital currency in 2021
In this edition of Forkast Forecasts, the head of Blockchain, Data and Digital Assets and member of the Executive Committee of the World Economic Forum shares her views on sovereign digital currencies, and the global regulatory landscape.
Hong Kong may be first global ‘sandbox’ for China’s DCEP digital yuan
Hong Kong is in talks to pilot-test China’s new digital currency. How would the e-CNY affect Hong Kong’s future cross-border payments with the mainland?
Visa hops on USDC’s Eth2 wagon. China flexes DCEP digital currency in biggest test yet. Will US tighten Libra/Diem’s tether?
Other top blockchain and cryptocurrency news: S&P Dow Jones to launch crypto index. Walmart invests big in India’s PhonePe.
China widens DCEP digital yuan tests, advancing global ambitions
In biggest test yet of China’s CBDC, 100,000 Suzhou residents will use e-RMB for holiday shopping. Hong Kong is also now laying groundwork for future.
Bitcoin soars to new highs as Bitcoin Cash hard forks into two. Tron blows past Ethereum.
Other top blockchain and cryptocurrency news: Ethereum 2.0’s pre-launch hits turbulence. China taps Lakala for DCEP digital yuan’s payment system.
2021 may be the year of China’s DCEP and other digital currencies
A big trend now: Central banks exploring digital currencies that are ‘programmable money,’ says Charles d’Haussy of ConsenSys. Should users be concerned?
Hong Kong and now Australia heating up global digital currency race
China’s DCEP digital yuan and new US interest in digital dollar are fueling sense of urgency on CBDCs — as blockchain firm ConsenSys paves the way.
Ep. 36 | Bitcoin prices rise on PayPal cryptocurrency news. US wary of CBDC as China enacts digital currency law for DCEP rollout.
Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.
Chinese tech titan Jack Ma: digital currencies may be wave of future
Poised for historic IPO, Ant Group reveals via patent filings its business strategies for China’s new DCEP digital yuan — including how it would help enforce government regulations
PwC’s ‘Time for Trust’ report misses mark on blockchain in China
The ‘Time for Trust’ report downplays the growing impact that blockchain is having on China’s economy. Here’s what’s really going on with this technology.
Ep. 34 | Square buys $50 million worth of bitcoin. Google Cloud bets on EOS blockchain. CBDCs ramp up around the world.
Other top news: China accelerates digital currency testing with 50,000 e-RMB ‘red packets.’ Hong Kong as DCEP’s future sandbox. VC in India.
China pushes 50,000 people to spend DCEP right away, in biggest test yet of new digital currency
China advances its new e-RMB closer to launch after distributing to Shenzhen residents 10 million yuan in digital ‘red packets’ that will expire next week
As nations race CBDCs to market, are they repeating mistakes of the past?
Digital currency efforts now mirror global economic rivalries, with China’s DCEP leading the pack. Central banks would be wise to avoid these pitfalls.
The World War of Digital Currencies: Is it too late for South Korea?
As China muscles DCEP to market and the U.S. enlists MIT for a future digital dollar, South Korea struggles to find its place in the crypto economy.
Ep. 26 | US Fed taps MIT for CBDC research as China intensifies DCEP testing. YAM protocol soars before crashing.
Other top news: USPS explores blockchain for voting. Coinbase offers crypto loans. Huobi launches Global DeFi Alliance.
How close is China’s digital currency DCEP to launching?
As China’s digital currency begins large-scale testing, business giants like Didi and Meituan appear to be signing on. What does China’s central bank say?
Ep. 25 | Bitcoin surges in Hong Kong’s geopolitical storms. China widens DCEP testing. Ethereum Classic’s audacious attacks.
Other top news: Teen accused of masterminding Twitter VIP hack heads to court. Huobi launches DeFi lab. Fintech VC in Singapore and Indonesia.
China’s DCEP will be the world’s Sputnik money moment
China’s CBDC — the world’s first major government-issued digital currency — could launch this year. Are we ready for its financial and geopolitical impact?
China’s new DCEP could fast-forward the nation into a cashless society
The rest of the world may worry over the new e-RMB and what it could do to the US dollar. But inside China, will yet another digital payment system even matter? Forkast.News finds out what the laobaixing think.
Ep. 15 | Is China’s digital RMB ready for prime time? Making the case for a US CBDC. Blockchain comes to Minecraft.
More top news: China exploring blockchain to cure gaming addiction. LG joins Hedera Hashgraph. Startups in Japan, Singapore and the Philippines.
Contrarian wisdom on bitcoin mining. Also: how China’s DCEP could shake up the global financial system.
Adam Traidman of BRD discusses CBDCs in an age of intensifying US-China rivalries, and bitcoin halving’s surprising impact on crypto mining and profits.
As Covid drives the world toward digital assets, what is the outlook for bitcoin and CBDCs?
Digital currencies will become increasingly common in the economy, with CBDCs as an ‘organic gateway.’ Should we worry about user privacy?
Former banker Mike Novogratz is ‘petrified’ of China’s new state-issued cryptocurrency, and ConsenSys’ Joseph Lubin agrees
Two titans of blockchain discuss China’s DCEP, Covid-inspired technology and more with Forkast.News Editor-in-Chief Angie Lau, in video highlights from Ethereal Summit 2020.
China hopes its new digital currency will internationalize the RMB. When might that day come?
China’s new DCEP — the world’s first major central bank digital currency — just piloted in 4 cities. When it is ready for mass use, could it challenge the US dollar’s hegemony in global trade and finance?
What is China’s new CBDC, and what is it not?
The central bank’s cash-like DCEP sets the stage for China’s next-gen financial infrastructure. Will it threaten the US dollar’s global supremacy? A University of Chicago Booth professor explains.
Famed investor Tim Draper predicts both a digital dollar and Chinese DCEP “will bomb”
In an interview with Forkast.News, the billionaire venture capitalist also discusses globalism, regulatory arbitrage, the future of healthcare and why he thinks bitcoin is king.
As China’s DCEP approaches launch, Facebook’s Libra pivots
This week has been one where big changes came fast and furious on the opposite sides of the central bank digital currency world. First, alleged screenshots of a mockup of the People’s Bank of China central bank digital currency’s mobile app were published, giving the public a taste of the apparent functionality of the platform […]