In Zhejiang province, China, a gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) in four days. The central bank digital currency (CBDC), e-CNY, issued by the People’s Bank of China, has seen substantial growth in usage with 260 million wallets across 25 cities.
HSBC China introduces digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to offer these services to both corporate and retail customers. The e-CNY is China's central bank digital currency, issued by the People’s Bank of China.
HSBC's Chinese branch now offers digital currency services to its corporate clients, becoming the first foreign bank to enable transactions using China's central bank digital currency (e-CNY).
HSBC China's branch now offers digital yuan services for corporate clients, becoming the first foreign bank in China to provide CBDC services. Corporate clients can link their bank accounts with digital yuan accounts for asset management.
Hong Kong residents can now open personal digital yuan (e-CNY) wallets, a Hong Kong Monetary Authority initiative in collaboration with the People's Bank of China, promoting cross-border digital currency use.
The Hong Kong Monetary Authority, in collaboration with the People’s Bank of China, announced that Hong Kong residents can now create e-CNY wallets for digital yuan transactions, marking a significant step in cross-border payment facilitation.
Hong Kong extends pilot program for e-CNY, China's digital yuan, under the leadership of HKMA and PBOC, boosting the cryptocurrency's adoption scope.
Hong Kong launches a pilot program for China's digital yuan (e-CNY), its first application outside the mainland, for improving cross-border transactions and financial integration.
Hong Kong residents can now open personal digital wallets for e-CNY, China's digital currency, to enable cross-border payments.
Hong Kong has initiated a pilot program allowing residents to use China's Central Bank Digital Currency, the digital yuan, signifying a major step in the integration of the CBDC.
The Hong Kong Monetary Authority and the People’s Bank of China have expanded the digital yuan pilot. Hong Kong residents can set up and top up e-CNY wallets, linking to the Faster Payment System for the first time.
Hong Kong users can now set up personal e-CNY wallets for cross-border payments with the mainland, facilitated by the Faster Payment System and 17 retail banks in the city.
Hong Kong is broadening its trial with China's digital yuan, permitting residents to establish e-CNY wallets and use them for retail payments.
Hong Kong's digital yuan, e-CNY, allows wallet creation with a phone number but is limited to cross-border transactions, lacking person-to-person transfer capabilities within Hong Kong.
Hong Kong has introduced e-CNY digital wallets geared towards cross-border transactions, excluding local person-to-person transfers.
China's e-CNY, or digital yuan, struggles with adoption despite government claims of successful transactions and city trials.
China has launched the e-CNY Research Institute to enhance industry innovation and integration, backed by a new panel of finance and technology experts.