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Hong Kong Monetary Authority, Central Bank of UAE strengthen fintech collaboration - China News
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BIS: Central Banks Of China And United Arab Emirates Join Digital Currency Project For Cross-Border Payments
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UAE Central Bank joins Hong Kong government s digital currency project
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HK should leverage CBDC to gain digital finance leadership By Kenny Shui and Judy Chen | China Daily Asia | Updated: 2020-12-31 09:16 The booth of the Digital Currency Institute of the People s Bank of China at an expo in Beijing. [Photo provided to CHINA DAILY]
As the popularity of electronic payment on the mainland continues to soar, Beijing is also taking the digitization of legal tender (or central bank issued currency) seriously. On the 40th anniversary of the establishment of Shenzhen as a Special Economic Zone, President Xi Jinping announced his support for the internal pilot testing of digital renminbi, or e-CNY. He also urged further research, development and application of e-CNY, as well as international cooperation.
Chinese digital currency, the first of its kind in the world, to offer both convenience and security
By Li Qing · 2019-09-16 · Source: NO.38 SEPTEMBER 19, 2019
A staff member of an Industrial and Commercial Bank of China branch in Beijing shows 2019 edition renminbi banknotes and coins on August 30, the day of their issuance (XINHUA)
After the remarkable success in digitalizing payments nationwide, China is ready to unveil its next financial innovation by launching its own digital currency, the central bank digital currency (CBDC).
The flourishing of the world s first cryptocurrency Bitcoin, a private initiative, following its launch in 2008 opened new possibilities in financial technology. But then its subsequent debacle and growing concerns that such anonymous transactions could be used to fund terrorist attacks and other crimes highlighted the need for regulations and greater monitoring. China banned initial coin offerings and direct trading between the yuan an