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China's central bank on hiring spree to expand e-CNY digital currency trial - Vimarsana News

China's central bank on hiring spree to expand e-CNY digital currency trial

The People’s Bank of China said it would expand the scope of use of China’s digital fiat currency this year.

Source: scmp.com
US Senators Sound Alarm on China's Digital Currency Amid Sanctions on Russia - Vimarsana News

US Senators Sound Alarm on China's Digital Currency Amid Sanctions on Russia

As Russia is hit by a spate of sanctions from around the globe, a group of U.S. lawmakers ...

How Chinese advances in technology, from 5G and cloud computing to the e-yuan, power Beijing Winter Paralympic Games - Vimarsana News

How Chinese advances in technology, from 5G and cloud computing to the e-yuan, power Beijing Winter Paralympic Games

Advances in 5G mobile communications, China’s digital currency and cloud infrastructure services help anchor Beijing’s latest Olympic hosting duties.

Source: scmp.com
Bit by bit, central bank digital currencies like China's will eat into US dollar hegemony - Vimarsana News

Bit by bit, central bank digital currencies like China's will eat into US dollar hegemony

These CBCDs, which will soon include the Russian rouble, are likely to finance a good deal more bilateral trade, thus weakening the US dollar’s role in trade. While the dollar will still carry weight as a transaction currency in which countries invest their international reserves, the balance of power seems destined to shift.

Source: scmp.com
China's digital currency racks up 'a couple of million' yuan of payments per day at the Beijing Winter Olympics - Vimarsana News

China's digital currency racks up 'a couple of million' yuan of payments per day at the Beijing Winter Olympics

The Beijing Winter Olympics is the latest trial of China’s digital currency and the first time visitors from overseas can use it via smartphones and wearable payment devices.

Source: scmp.com