Chinese Province Considers New Digital Yuan Use Case Paying Long Delayed Chain Debts

China is exploring a new and potentially transformative use for its central bank backed digital currency, the e CNY. Authorities in Hunan province have suggested that the digital yuan could help address long standing payment delays that affect multiple industries across the country.

China Steps Up Crypto Crackdown as Central Bank Pushes for Wider Digital Yuan Adoption

China has strengthened its long-standing tough stance on cryptocurrencies, making it clear that the country will not loosen restrictions on virtual currencies anytime soon. At the Financial Street Forum in Beijing, Pan Gongsheng, governor of the People’s Bank of China, issued a strong