Visitors at the Winter Olympics are allowed to convert foreign currencies into the digital version of China’s yuan. WSJ’s Jing Yang exchanges U.S. dollars to buy a cup of coffee to show how ...

China’s e-CNY, a digital version of its currency yuan, made its international debut in tests at the Beijing Olympics. Soon after, US President Biden issued an administrative order to look into ...

China is considering issuing a digital yuan by the 2022 Winter Olympics in Beijing. Here are some of the basics about Japan’s plans. 1. The bank is just paving the way for a decision.

In terms of market traction, in mid-2023, PBOC governor Yi Gang highlighted that the digital yuan had hit 1.8 trillion yuan (US$249 billion) in transactions. By the end of July 2024, that figure ...

BEIJING: Chinese merchants are already preparing for the cross-border usage of digital yuan, or e-CNY, at a time when some major central banks in the world have not yet decided to develop their ...

Soon after, China’s yuan overtook the US dollar as the most widely used currency for cross-border transactions in Russia. This marked the digital yuan’s first major alignment with an ...