Friday, October 17, 2025

Latest

China’s Central Bank to Begin Digital Currency Trials

China’s central bank has been granted approval to begin a pilot project which will see commercial lenders using digital currency for transactions.

The new trials will be conducted internally at Chinese state-owned banks, and will consist of hypothetical tests using People’s Bank of China digital currency. The digital currency test will consist of a digital wallet, which can convert currency between digital money, cash, remittance and payment, and account balance check. The pilot digital wallets will mimic usage in several cities in China, including Xiong’an, Shenzhen, Suzhou, and Chengdu.

Much of this still remains behind closed curtains as the individuals that provided the internal information are anonymous and do not have authority to speak about the tests. The research is currently ongoing.

Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Major Russian Bank Set to Launch its own Stablecoin in 2021

A number of central banks around the world have been mulling the use of digital...

Monday, January 25, 2021, 11:51:00 AM

PayPal Enables US Customers To Purchase Goods Using Their Crypto Holdings

PayPal has finally unveiled its new service that allows users to pay for goods using...

Wednesday, March 31, 2021, 02:36:00 PM

Norway to Begin Testing a Central Bank Digital Currency Following 4 Years of Research

Norway, one of the world’s most cashless societies, is slated to begin testing various applications...

Friday, April 23, 2021, 10:33:00 AM

EU Proposes Tighter Regulations on Cryptocurrency Transfers

Cryptocurrency transactions made in the European Union may soon be subject to tighter regulatory oversight,...

Wednesday, July 21, 2021, 08:00:05 AM

US Federal Reserve Considers Sending Money Directly to Americans Via Digital Currency

Since the coronavirus pandemic began, the Federal Reserve along with the US government unleashed a...

Thursday, September 24, 2020, 02:51:55 PM