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 ...

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 ...

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 ...

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 ...

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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.

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 ...