China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash

After eight years of guesses, discourse, and conflicting reports, China’s digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February. Time to introduce “yuan” self Though China intended to make the…

Days before Beijing 2022, cautious South Korea completes first phase of CBDC pilot

Little more than a week before the global launch of China’s CBDC, a neighbouring country has announced the “successful” completion of a CBDC pilot. CBDCs over Flowers According to The Korea Herald, South Korea has reportedly completed…

Here’s how China might be leading the CBDC race as Winter Olympics draws near

One might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country’s latest CBDC adoption stats suggest that crypto news junkies should probably…

As China readies for world debut of e-CNY, could this country be its first remittance partner

If there’s one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics draw closer, so does the launch day of the country’s CBDC. Sprinting to the fin…