Tag: Digital RMB

Central Committee of the Communist Party of China: Building a modern central bank system and steadily advancing digital currency research and development

Xinhua News Agency is authorized to issue the CPC Central Committee’s recommendations on formulating the 14th Five-Year Plan for National Economic and Social Development and the 2035 Long-Term Goals. In the sixth part, “Comprehensively deepen reforms and build a high-level socialist market economy system”, the Central Committee of the Communist Party of China proposed to establish a modern fiscal, taxation and financial system, build a modern central bank system, improve the money supply control mechanism, and steadily promote digital currency…

Digital renminbi is not yet open to the public for download, so be vigilant

According to the 21st Century Business Herald, the digital renminbi is not yet open to the public for download, so we need to be more vigilant. Digital RMB adopts the invitation system or the whitelist review system. Regardless of which method is used to download the digital RMB APP, its pages are covered with watermarks, and screenshots and screen recordings are not allowed. In fact, in order to use digital renminbi, in addition to the digital renminbi app for users,…

Huawei launches the first smartphone that supports digital RMB hardware wallet

Huawei Terminal officially stated that the Huawei Mate40 series is the first smartphone to support digital RMB hardware wallets, providing controllable anonymous protection and dual offline transactions.

Zhou Xiaochuan: China’s digital renminbi pays more attention to improving domestic retail payment systems

According to the Beijing News, at the second Budapest Eurasian Forum hosted by the Hungarian Central Bank, Zhou Xiaochuan, former governor of the People’s Bank of China and chairman of the Boao Forum for Asia, said that the The ratio continues to increase, and digital currency has become an important issue. China is at the forefront of the world in terms of digital currency research and development. DC/EP, which is being developed, has a significant difference in definition from the…

Digital RMB test is expanding to other areas in Shenzhen

According to the China Securities Journal, the digital RMB test is being expanded to other areas in Shenzhen after the public test where nearly 50,000 citizens received 10 million red envelopes for consumption. A staff member at a branch of a state-owned bank in Huaqiangbei, Futian District, Shenzhen, said that the digital renminbi wallet is now open to merchants to apply for, and the staff will come to help merchants complete the upgrade of POS machines and accept digital renminbi…

Ant Group CEO: Digital currency is a positive increase for Ant Group, not a negative decrease

According to a report from China Business News, Hu Xiaoming, CEO of Ant Technology Group, stated that the central bank of digital currency is positioned as M0 and implements two-tier operation; Alipay and other mobile payment wallets are financial infrastructure, while digital renminbi is a payment tool and a wallet. Content. The issuance and circulation of digital renminbi involves all aspects of society, and it also requires the People’s Bank of China and various institutions to work together to promote…

The National Encryption Technology Innovation Competition jointly organized by the Central Bank’s Institute of Number Research awarded a digital RMB 1.38 million to the winning team

According to the 21st Century Business Herald, the “Financial Cryptography Cup” 2020 National Cryptography Application and Technology Innovation Competition, co-sponsored by the Digital Currency Research Institute of the People’s Bank of China and the Cryptographic Theory and Technology Research Center of Tsinghua University, was held in Suzhou. Fan Yifei, deputy governor of the central bank and members of the judging steering group awarded digital RMB bonuses to the winning teams. The winning teams came from CCB Financial Technology Co., Ltd.,…

The central bank claims that the digital renminbi and WeChat Alipay are on the Weibo hot search list without competition

“The central bank said that digital RMB and WeChat Alipay have no competition” on Weibo hot search, currently ranking 9th in Weibo hot search list. Mu Changchun, director of the Central Bank’s Digital Currency Research Institute, said yesterday that there is no competition between WeChat, Alipay and the central bank’s digital renminbi.

Mu Changchun: Digital RMB will be issued in the market, and third-party payment can provide circulation services

According to mobile payment network reports, Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, stated at the 2nd Bund Finance Summit that the exchange and circulation of digital renminbi are two different concepts. Commercial banks assume the function of exchanging digital renminbi to the public. Circulation services can be undertaken by third-party payment institutions and other small and medium-sized banks. Specifically, commercial banks belonging to designated operating institutions are responsible for opening different…

Mu Changchun, the central bank: The digital renminbi “dual offline” wallet has been developed and will be used in subsequent pilots

Mu Changchun, director of the Central Bank’s Digital Currency Research Institute, said at the “2020 Financial Street Forum Annual Meeting” held on October 22 that new projects will be launched after the Shenzhen digital RMB pilot, such as the “dual offline” that has been fully developed. wallet. Mu Changchun said that in the red envelope pilot in Shenzhen this time, only a very simple contract “realistic payment function” was used, and more payment contracts will be put into the pilot…