IntroductionChina’s Digital Yuan (e-CNY) is increasingly being used for cross-border transactions, reflecting the country’s push to internationalize its central bank digital currency (CBDC). According to the People’s Bank of China (PBOC), cross-border e-CNY transactions reached $1.2 billion in Q3 2025, a 35% increase
IntroductionChina has expanded its Digital Yuan cross-border pilot program to include multiple Central Asian countries, marking a significant milestone in the internationalization of its central bank digital currency (CBDC). The expansion aims to facilitate cross-border trade, enhance financial connectivity, and strengthen China’s economic
IntroductionChina has accelerated testing of its Digital Yuan 3.0 pilot, focusing on cross-border payment infrastructure and international settlement efficiency. The latest trials involve transactions between financial institutions in China, Southeast Asia, and select Belt and Road Initiative countries. Analysts note that the initiative
China has expanded its digital yuan (e-CNY) pilot programs beyond major cities to smaller urban centers, integrating the currency into retail, public services, and online platforms. The People’s Bank of China (PBOC) continues to collaborate with commercial banks and fintech companies to ensure
China has significantly expanded its digital yuan (e-CNY) pilot programs across major cities, including Beijing, Shanghai, and Guangzhou. These pilots aim to enhance financial inclusivity, streamline payments, and modernize the country’s digital financial infrastructure. The People’s Bank of China (PBOC) continues to refine
October 1, 2025, marks the 76th anniversary of the founding of the People’s Republic of China (PRC). Since 1949, China has transitioned from a predominantly agrarian economy to a global technological and economic powerhouse. Over seven decades, the nation has achieved remarkable growth
China has expanded its Digital Yuan pilot programs to include three additional provinces, Anhui, Hunan, and Jiangxi, demonstrating the central bank’s commitment to promoting the widespread adoption of the state-backed digital currency. The expansion is part of a broader initiative by the People’s
China has expanded its Digital Yuan pilot programs to rural regions, reflecting a strategic effort to promote financial inclusion, modernize payment systems, and integrate underserved populations into the country’s digital economy. The central bank digital currency (CBDC), also known as e-CNY, aims to
China’s financial landscape is undergoing a transformative shift with the adoption of the Digital Yuan and blockchain technologies. As one of the first major economies to deploy a central bank digital currency (CBDC), China is leveraging state-backed digital money to enhance payment efficiency,
China has expanded its Digital Yuan pilot program to three additional provinces, signaling the government’s commitment to accelerating state-backed digital currency adoption nationwide. The latest rollout includes pilot cities in Anhui, Hunan, and Jiangxi provinces, allowing residents, businesses, and public service providers to
