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Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency

April 29, 2022

The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank, the People’s Bank of China (PBOC), continues to test its central…
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China and Japan go full steam ahead with CBDC pilots

March 26, 2021

Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee. China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs. On March 26, Bank of Japan announced it had established the Liaison and Coordination…
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