Newsletter
Cryptoscout
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • ICO
No Result
View All Result
Cryptoscout
No Result
View All Result
Home Blockchain

PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M

by The Crypto Scout
November 2, 2020
in Blockchain
0
PBoC Governor Says ‘Successful’ Digital Yuan Trials Have Transacted $299M
Share on FacebookShare on Twitter


The governor of the People’s Bank of China praised recent tests of its national digital currency at the Hong Kong Fintech Week conference on Monday.

Over 4 million transactions totaling more than 2 billion yuan ($299 million) have been conducted using the digital yuan, Yi said.

Financial services in remote areas have been bolstered by new technologies, the governor explained, including microloans and risk management, which plays into how the China is looking to spread the digital currency.

The COVID-19 crisis has also accelerated the need for contactless banking, creating challenges for central banks looking to balance consumer needs and safety, he added.

Speaking on a virtual panel with the General Manager at the Bank for International Settlements Agustin Carstens and the President of the Dutch central bank Klass Knot, Yi noted safeguarding consumers’ private information is challenging.

Per a Reuters report Monday, Yi played down the prospect of an imminent launch, saying the digital yuan project is still in the early stages.

China must still develop a “fairly complicated and fairly complete legal framework,” he said, particularly around transparency.



Source link

Related articles

Bank of Japan Set to Begin Experimenting with CBDC 

Bank of Japan Set to Begin Experimenting with CBDC 

April 6, 2021
Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

April 5, 2021
Tags: 299MDigitalGovernorPBoCSuccessfulTransactedTrialsyuan
Share76Tweet47

Related Posts

Bank of Japan Set to Begin Experimenting with CBDC 

Bank of Japan Set to Begin Experimenting with CBDC 

by The Crypto Scout
April 6, 2021
0

Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own...

Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

by The Crypto Scout
April 5, 2021
0

Earlier this Saturday, FEI Protocol held its Genesis event, successfully raising over 639,000 Ether — approximately $1.3 billion —...

Visa to Accept Cryptocurrencies for Payment Settlements 

Visa to Accept Cryptocurrencies for Payment Settlements 

by The Crypto Scout
March 29, 2021
0

According to Reuters, Visa announced today that it will begin accepting cryptocurrency USD Coin (USDC) to settle transactions on...

Breaking Down OpenSea’s $23 Million Raise in NFT Boom

Breaking Down OpenSea’s $23 Million Raise in NFT Boom

by The Crypto Scout
March 23, 2021
0

As one of the first NFT-centered open marketplaces on the web, OpenSea has enjoyed a surge in popularity as...

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’

by The Crypto Scout
February 18, 2021
0

In retrospect, it was inevitable: A team of blockchain developers has forked GitHub and come up with a system...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
A Fund Manager Just Bashed XRP, Bitcoin Cash, and Other Altcoins

A Fund Manager Just Bashed XRP, Bitcoin Cash, and Other Altcoins

October 21, 2020
What We’re Getting Wrong About Druckenmiller and Bitcoin

What We’re Getting Wrong About Druckenmiller and Bitcoin

November 15, 2020
Closing Time for Bitcoin’s Iconic Room 77 – ‘And That’s OK,’ Says Owner

Closing Time for Bitcoin’s Iconic Room 77 – ‘And That’s OK,’ Says Owner

October 20, 2020
3 Reasons Why XRP is Unlikely to Benefit From Ongoing Altcoin Surge

3 Reasons Why XRP is Unlikely to Benefit From Ongoing Altcoin Surge

October 22, 2020
Here’s why Bitcoin will boom in the “biggest overhaul” of finance

Here’s why Bitcoin will boom in the “biggest overhaul” of finance

0
Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

0
Closing Time for Bitcoin’s Iconic Room 77 – ‘And That’s OK,’ Says Owner

Closing Time for Bitcoin’s Iconic Room 77 – ‘And That’s OK,’ Says Owner

0
India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

0
SEC loses a battle to win the war? Ripple dissociates from pumping XRP

SEC loses a battle to win the war? Ripple dissociates from pumping XRP

April 18, 2021
Centralized stablecoins may be doomed

Centralized stablecoins may be doomed

April 18, 2021
The perils of suing crypto exchanges after ransomware attacks

The perils of suing crypto exchanges after ransomware attacks

April 18, 2021
Bitcoin on balance sheet attracts negative attention from anti-crypto banks

Bitcoin on balance sheet attracts negative attention from anti-crypto banks

April 18, 2021

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • ICO
  • Litecoin
  • Market
  • Regulation

Archives

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptoscout.io

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • ICO

© 2020 cryptoscout.io