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Virtual control: The agenda behind China's new digital currency

Virtual control: The agenda behind China s new digital currency
13 minutes to read
By: James Kynge and Sun Yu
The planned e-yuan could boost Beijing s surveillance state and create competition for private fintech groups
Celebrations in China to mark the lunar new year of the Ox, which began on February 12, have been somewhat
muted because of the coronavirus pandemic. The numbers of people travelling to visit relatives this year are down sharply, depriving family gatherings of a measure of joy.
But it is not all gloom. Authorities in several cities have given away tens of millions of renminbi as new year red packets that can be downloaded on to a smartphone. Beijing and Suzhou alone have doled out 200,000 red packets worth Rmb200 (US$31) each in a public lottery. ....

United States , Hong Kong , Samantha Hoffman , Zou Chuan Wei , Wang Yongli , Emily Jin , Wanxiang Blockchain , Sun Yu , James Kynge , Hudson Lockett , Yaya Fanusie , Facebook Libra , Ant Group , People Bank , Digital Currency Research Institute , Gateway Information Services Co , International Settlements , Australian Strategic Policy Institute , Wall Street , Winter Olympic Games , Wechat Pay , Facebook Led Diem , New American Security , Cross Border Interbank Payment System , China S , ஒன்றுபட்டது மாநிலங்களில் ,

China and SWIFT Partner to Take Digital Currency Global

China and SWIFT Partner to Take Digital Currency Global
singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.

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Tesla volume dings crypto exchanges; Swift's interest in digital yuan

Mastercard combats VC gender gap; and other information you need to start your day, from PaymentsSource and around the web. ....

Howard Blankenship , Christian Fredrikson , Paypal Venmo , Freedompay Chris Kronenthal , Amazon Web Services , Payment Clearing Association Of China , Gateway Information Services Co , Consumer Financial Protection Bureau , Doordash Inc , Twitter Inc , Silicon Valley , Cross Border Interbank Payment System , Clearing Association , Zelle Style Paynow , Singtel Dash , Liquid Pay , Cellpoint Digital , Atlanta Based Global Payments , Fingerprint Christian , Super Bowls , ஹோவர்ட் வெற்று , அமேசான் வலை சேவைகள் , கட்டணம் அழித்தல் சங்கம் ஆஃப் சீனா , நுழைவாயில் தகவல் சேவைகள் இணை , நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம் , தூர்தஷ் இன்க் ,

UPDATE 1-SWIFT sets up JV with China's central bank

By Reuters Staff
(Updates with SWIFT comments)
SHANGHAI, Feb 4 (Reuters) - SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank’s digital currency research institute and clearing centre, a move some see as a sign that China wants to explore global use of its planned digital yuan.
Other shareholders of the Beijing-based venture include China’s Cross-border Interbank Payment System (CIPS) and the Payment & Clearing Association of China, both supervised by the People’s Bank of China (PBOC), according to public information.
The new entity, called Finance Gateway Information Services Co, was established in Beijing on Jan. 16, and its business scope includes information system integration, data processing and technological consultancy, according to the website of the National Enterprise Credit Information Public System. ....

United States , Kim Coghill , Samuel Shen , Andrew Galbraith , Thomson Reuters Trust Principles , People Bank , Payment Clearing Association Of China , Gateway Information Services Co , National Enterprise Credit Information Public System , Cross Border Interbank Payment System , Clearing Association , National Enterprise Credit Information Public , Winni Zhou , Thomson Reuters Trust , ஒன்றுபட்டது மாநிலங்களில் , கிம் கோகில் , சாமுவேல் ஷென் , ஆண்ட்ரூ கல்பிரைத் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , மக்கள் வங்கி , கட்டணம் அழித்தல் சங்கம் ஆஃப் சீனா , நுழைவாயில் தகவல் சேவைகள் இணை , தேசிய நிறுவன கடன் தகவல் பொது அமைப்பு , அழித்தல் சங்கம் , தேசிய நிறுவன கடன் தகவல் பொது , வின்னி ஜூ ,

China's Central Bank And Swift Set Up New Joint Venture

China’s Central Bank And Swift Set Up New Joint Venture
Last Updated: 04 February 2021
SWIFT stands one of the most prominent global cross-border payment and financial messaging systems out there. Now, however, SWIFT has opted to expand, doing so through a joint venture with the clearing center and digital currency research institute of China’s central bank. Of course, this makes China’s plans of using its digital yuan on a global scale clear as day, as well.
East And West Coming Together
This new joint venture will be based in Beijing, and will have other notable shareholders within it as well, such as the Payment & Clearing Association of China, as well as the Cross-border Interbank Payment System, or CIPS. Both of these entities are themselves supervised by the People’s Bank of China, or PBOC. ....

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