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China's DCEP Will Not Compete With WeChat and AliPay
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China's DCEP Will Not Compete With WeChat and AliPay

China’s digital currency also known as the Digital Currency Electronic Payment (DCEP) will not be competing with WeChat and AliPay says Research head.

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan
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China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.

Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?
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Chinese Yuan Poised to Become the World’s Third Largest Reserve Currency by 2030—Is DCEP Part of the Plan?

Morgan Stanley analysts are predicting that the Chinese yuan will become the third-largest reserve currency in the world, is the DCEP part of the plan?

China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May
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China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May

Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event
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Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

China’s central bank is scheduled to test its digital yuan dubbed the Digital Currency Electronic Payment (DCEP) in a second red packet lottery event in Suzhou on December 12.

China's DCEP Testing Limited to Small Retail Transactions for Now
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China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.

China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'
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China’s Central Bank Rolling Out DCEP National Currency, While Saying ‘Libra Won’t Succeed'

China has been reportedly developing its central bank-issued digital currency for a while and is believed to be ready to launch by China’s central bank, People’s Bank of China (PBoC).

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant
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China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.

China's Central Bank Digital Currency DCEP: What We Know So Far
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China's Central Bank Digital Currency DCEP: What We Know So Far

China has been charging full speed with its digital currency development plans in response to Facebook’s Libra. China’s state-owned bank, the People’s Bank of China (PBoC) has been reportedly developing their own digital currency aimed to replace cash in circulation and was said to be ready in the coming months.

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan
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China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

In the race to be the first country to launch a functional CBDC, China appears to be in the lead, as it has begun experimenting with its digital currency.

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy
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China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

A Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been recovering from COVID-19 smoothly.

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP
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Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s CBDC.

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications
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China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security.

China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities
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China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities

New developments of China’s central bank geared towards testing its digital currency electronic payment (DCEP) in the cities of Shenzhen and Suzhou. The People’s Bank of China, the country’s central bank is on track to become the first central bank on the globe to issue a national digital currency.

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
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China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra
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Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.

Exclusive: Neo Founder and Onchain CEO Da Hongfei on the Future of the Digital Economy with Blockchain
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Exclusive: Neo Founder and Onchain CEO Da Hongfei on the Future of the Digital Economy with Blockchain

Blockchain.News interviewed Da Hongfei, the founder of the Neo blockchain, to understand more about the development of blockchain in China.

Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC
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Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC

Brian Behlendorf, Executive Director of Hyperledger discusses open-source software development and blockchain technology, China's BSN, ID2020, and CBDC.

US-China Cold War Could Benefit Bitcoin
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US-China Cold War Could Benefit Bitcoin

An internal Chinese report presented to Chinese Leader Xi Jinping and his top party members on May 4, concluded that anti-China sentiment is currently at its highest since the 1989 Tiananmen Square crackdown according to Reuters.

Central Bank Digital Currencies Are Not Like Bitcoin or Cryptocurrency
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Central Bank Digital Currencies Are Not Like Bitcoin or Cryptocurrency

CBDC are digital assets, but they are not cryptocurrencies and in fact strike at the heart of the very philosophy that brought Bitcoin into existence.

Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash
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Bank of China’s Former President Lists Four Key Conditions For Digital Yuan to Replace Cash

The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.

China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report
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China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report

China is poised to become the world’s first cashless society should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to the SCMP

The Issuance of China's CBDC On The Horizon, According to Insiders
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The Issuance of China's CBDC On The Horizon, According to Insiders

The issuance of central bank digital currencies (CBDCs) has been gaining traction as various nations have shown interest. The People’s Bank of China (PBoC), China’s central bank, has finished the development of a CBDC’s basic function and relevant laws are being drafted to set the ball rolling for its circulation.

McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan
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McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.

China's Central Bank Says Digital Yuan Will Not Raise Inflation
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China's Central Bank Says Digital Yuan Will Not Raise Inflation

Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.

Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US
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Japan Aims to Curb the Potential Influence of China’s Digital Currency With Help From the US

Aiming to curb the potential influence of China’s digital currency electronic payment, its nation’s central bank digital currency, Japan is looking to release its own digital currency proposals today. According to Prime Minister Shinzo Abe, the country is also requesting support from the US Federal Reserve.

China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank
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China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank

China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice governor Yifei Fan.

Stablecoins Will See Bigger Adoption than CBDCs, says Circle Founder
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Stablecoins Will See Bigger Adoption than CBDCs, says Circle Founder

Central bank digital currency (CBDC) across global economies appear to be inevitable, as central banks have been issuing their own pilot tests of CBDC.

China to Test its CBDC on Tencent-Backed Platform and Other Domestic Firms to Break Dependence on the US
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China to Test its CBDC on Tencent-Backed Platform and Other Domestic Firms to Break Dependence on the US

China’s central bank has taken another major step forward toward the digital yuan’s mass adoption with its testing on food delivery giant Meituan Dianping. Backed by Tencent, Meituan has been having discussions with the People’s Bank of China’s central bank digital currency (CBDC), also known as digital currency electronic payment (DCEP) research wing.

China PBOC Views CBDC Race as "New Battlefied" Between Sovereign Nations
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China PBOC Views CBDC Race as "New Battlefied" Between Sovereign Nations

China through its apex bank, the People’s Bank of China (PBOC) has reiterated its desire to be the first nation to issue a Central Bank Digital Currency (CBDC)

China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed
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China’s $1.5 Million Digital Yuan Giveaway in Shenzhen Left Analysts Excited, Citizens Unimpressed

As part of China’s rollout of its central bank digital currency (CBDC), the government had a $1.5 million giveaway of digital yuan to its citizens in Shenzhen.

Bank of Japan Testing Digital Yen CBDC
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Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First
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China to Prioritize Testing its Central Bank Digital Currency in Wealthier Cities First

China is planning a more extensive expansion of the testing of its central bank digital currency (CBDC) after reportedly starting its first tests in the Greater Bay Area.

Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development
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Hong Kong to “Seize the Opportunities” of China’s Digital Yuan CBDC Development

The Hong Kong government is considering collaborating with the mainland Chinese authorities on the country’s central bank digital currency (CBDC) project.

Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum
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Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum

The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency electronic payment (DCEP) entered its testing phase back in April with a test run billed for four major cities.

Top Chinese State-Owned Banks Promote Digital Yuan Ahead of Shanghai 'Shopping Festival'
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Top Chinese State-Owned Banks Promote Digital Yuan Ahead of Shanghai 'Shopping Festival'

Chinese state-owned banks are reportedly promoting the country's CBDC ahead of a major shopping festival in Shanghai, which takes place on May 5.

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed
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China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

A source close to the matter said that China's CBDC pilot program "has not yet been expanded on a large scale," and the test is just "internal and closed.”

Bank of Korea Seeks a Consulting Partner to Accelerate CBDC Launch
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Bank of Korea Seeks a Consulting Partner to Accelerate CBDC Launch

The Bank of Korea (BoK) is in search of a consulting partner to help develop the architecture for its Central Bank Digital Currency (CBDC).

$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing
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$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The authority plans to issue a total of $6.2 million worth of digital currency to Beijing residents through a lottery, totaling 40 million RMB.

China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker
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China’s CBDC Should Start Replacing Cash But Not Confined to Substitution, says Former Chinese Banker

Former Chinese banker, Wang Yongli suggested that a push for digital currencies to substitute all currencies is needed to support monetary operation reforms.

China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents
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China's CBDC Testing Advances along 19.25M Yuan Distribute to Residents

The Digital Yuan testing is extending to Shanghai as residents will be given free money worth 19.25 million yuan.

Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan
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Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan

Still strategizing to curb the dominance of Alipay and WeChat Pay, the People’s Bank of China will be using its DCEP system to break the cashless payment duopoly.

China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics
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China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics

The People’s Bank of China (PBoC) has confirmed its plans to make its Digital Currency Electronic Payment (DCEP) available to foreign athletes and visitors at the 2022 Beijing Winter Olympics.

China's Central Bank Governor Says no Timeline for Digital Currency Launch
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China's Central Bank Governor Says no Timeline for Digital Currency Launch

The Governor of the People's Bank of China has declared that there is no timeline to the release of the country's digital Yuan, an innovation that has entered its test pilot phase.

Can Alipay and WeChat Pay Compete With China’s Fee-Free Digital Yuan?
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Can Alipay and WeChat Pay Compete With China’s Fee-Free Digital Yuan?

Will Alipay and WeChat Pay survive the People's Bank Of China's rollout of the digital yuan or DCEP?

China Hand-Picks the Greater Bay Area Surrounding Hong Kong to be the First to Deploy its CBDC
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China Hand-Picks the Greater Bay Area Surrounding Hong Kong to be the First to Deploy its CBDC

China’s central bank digital currency (CBDC) has been successfully launched earlier this year and the country is currently continuing its path towards fully launching its digital currency electronic payment (DCEP).

China’s Major State-Run Commercial Banks Test CBDC Digital Wallet
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China’s Major State-Run Commercial Banks Test CBDC Digital Wallet

China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide.

Bank of England is for Stablecoin and CBDC, but Says ‘Bitcoin Has No Connection at All to Money’
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Bank of England is for Stablecoin and CBDC, but Says ‘Bitcoin Has No Connection at All to Money’

The governor of the Bank of England, Andrew Bailey, shared his views on Bitcoin and said that the cryptocurrency “had no connection at all to money.”

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro
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ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.

Central Bank Digital Currency (CBDC) Race:  2020 Year in Review
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Central Bank Digital Currency (CBDC) Race: 2020 Year in Review

As 2020 comes to a close, we take a look back at the most important developments regarding the pursuit of Central Bank Digital Currencies (CBDC).

Bank for International Settlements Reveals Findings on Central Bank Digital Currencies
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Bank for International Settlements Reveals Findings on Central Bank Digital Currencies

The Bank for International Settlements released its analysis report in which it evaluated central bank digital currencies globally.

Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF
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Private Firms Can Boost Innovation of Central Bank Digital Currency, says IMF

A synthetic Central bank digital currency (CBDC) could create new pathways for innovation according to a senior member of the International Monetary Fund (IMF).

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals
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Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals

President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security advisor John Bolton’s book—Trump’s administration has actually handed Bitcoin and Ethereum a huge advantage over other cryptocurrencies.

China’s CBDC Research Institute Partners with Didi Chuxing to Explore “Smart Travel” with the Digital Yuan
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China’s CBDC Research Institute Partners with Didi Chuxing to Explore “Smart Travel” with the Digital Yuan

China’s Central Bank Digital Currency Research Institute and Chinese transportation giant Didi Chuxing have reached an agreement to explore and develop the use of digital yuan in the transportation industry.

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?
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China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

A segment on China's CCTV appeared to actively promote Etheruem and DeFi, but isn't Beijing anti-crypto?

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