“Although the’Beijing Color Fighter Digital Carnival’ event is over, I will continue to use (digital RMB).” A taxi driver in Beijing, Mr. Wang (pseudonym), told a reporter from Securities Daily that many taxi drivers around him have The digital renminbi wallet App is also actively used for recharging. According to Master Wang, most people in […]
Wen | Wang Yinggui School of Finance, City University of Macau A survey by the Bank for International Settlements shows that global central banks are paying more and more attention to central bank digital currencies, and some have entered the stage of actual operation. According to the results of a survey conducted by the Bank […]
Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Postal Savings Bank, Industrial Bank and Alipay have issued official announcements, stating that it is forbidden to use the services of various banks and institutions to conduct virtual currency transactions. Today, the People’s Bank of China interviewed some banks and payment institutions […]
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, USA last week attacked Dogecoin (DOGE), calling the memecoin a Ponzi scheme, which strengthened his anti-cryptocurrency attitude. Kashkari’s remarks are in response to a survey conducted on LinkedIn by Paul Grewal, Coinbase’s chief legal officer, which asked his associates about the correct pronunciation of DOGE. […]
Deutsche Bank warned in a report recently that the global economy will see “destructive” inflation in the next few years, which will impact every corner of the planet. The report stated that the world is undergoing the largest global directional economic transformation in 40 years, which may cause inflation to rise sharply in just a […]
According to a Reuters report, Jon Cunliffe, the deputy governor of the Bank of England, said on Thursday that he believes the Bank of England has sufficient reasons to issue a domestic CBDC, although no relevant decision has yet been reached. Cunliffe made the above statement in a speech delivered by the Central Bank Think […]
The digital economy is becoming an important engine leading the global economic and social transformation and promoting the high-quality development of my country’s economy. The central bank’s digital currency is the cornerstone of the development of the digital economy, and it is also a high ground for global economic and financial competition in the future […]
◎Reporter Fan Zimeng Lin Cong With the development of central bank digital currencies around the world in full swing, discussions about the trend of digital renminbi, how central bank digital currencies are internationalized, and how digital currencies and digital assets are distinguished have become the focus of market attention more and more frequently. At the […]
Lead Since the People’s Bank of China took the lead in launching legal digital currency research and development in 2014, 36 central banks around the world have released central bank digital currency plans. So far, some technical details may still be controversial and discussed. This article points out that only with a correct strategic direction […]
Foreword: There are a total of 23 patents related to digital renminbi “wallets”, and these patents elaborate on the design of digital renminbi wallets. Since the relevant patents describe all aspects of the digital RMB wallet design in detail, it is difficult to have an in-depth understanding of the business logic and main characteristics of […]