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 ...

Baidu Inc., the operator of China’s leading search engine, is planning to offer about 10 billion yuan ($1.4 billion) of bonds offshore, people familiar with the matter said, adding to a string of ...

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 ...

The Central Bank of Russia announced on March 12 that it was considering allowing a limited number of investors to buy and ...

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.

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 ...

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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 ...