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    Breaking: China May Set Up CBDC Exchange to Push Digital Yuan Use

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    Breaking: China May Set Up CBDC Exchange to Push Digital Yuan Use

    The latest update in China’s financial ecosystem saw the authorities make yet another attempt to push its Digital Yuan’s use, this time around by setting up a digital asset exchange in Beijing. According to Bloomberg, the guidelines issued by the State Council point towards Beijing’s plans to look into establishing a bourse aka exchange for

    The post Breaking: China May Set Up CBDC Exchange to Push Digital Yuan Use appeared first on Coingape.

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    Bank Of Jamaica Mints The First Batch Of CBDC

    2021

    Bank Of Jamaica Mints The First Batch Of CBDC

    Bank of Jamaica is making steady progress with the country’s central bank digital currency (CBDC). During a short financial ceremony organized on Monday morning, the Jamaican apex bank minted the country’s very first lot of fiat backed CBDC, ‘the digital version of the Jamaican Dollar.’ Reportedly, a total of J$230 Million in CBDC will be

    The post Bank Of Jamaica Mints The First Batch Of CBDC appeared first on Coingape.

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    Shanghai to Airdrop Millions in Digital Yuan

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    Shanghai to Airdrop Millions in Digital Yuan

    The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

    The post Shanghai to Airdrop Millions in Digital Yuan appeared first on Coingape.

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