digital currency

The Huawei Mate40 series is the first smartphone to support digital RMB hardware wallets with hardware-level security, controlled anonymity protection and offline transactions, bringing a new experience of secure and convenient payment, Huawei said today when it launched the phone in China.

WeChat, Alipay and the central bank digital RMB are not in the same dimension and they do not compete, said Mu Changchun, director of the People's Bank of China's Digital Currency Institute, at the forum of the second Bund Financial Summit in Shanghai.

After the digital RMB lucky money trial in Shenzhen ends on October 18, those who have downloaded the digital RMB wallet App can continue to use it after topping up their money, the Beijing News quoted a source as saying on Friday.

The much-anticipated digital RMB is finally coming to the public.

Beijing will build a legal digital currency pilot zone and a digital financial system, relying on the People's Bank of China's trade and finance blockchain platform to form a trade and finance blockchain standard system.

On August 29, China Construction Bank opened a "digital currency wallet" in its official app. However, the function has been temporarily taken offline with a page showing "this function is not officially available to the public yet, please wait" while searching for "digital currency" in the app.

The app of China Construction Bank, one of China's four state-owned banks, has launched a digital currency wallet, which includes a "digital wallet top-up" and "digital currency" sub-menu.

China's central bank digital currency testing and preparations are moving forward, and in Suzhou, one of the pilot regions, some government workers are already receiving part of their salaries in the form of digital RMB, according to CCTV.

Ant Group said in its IPO prospectus that it is participating in research and development trials of digital RMB, adding that there is no timetable for the official launch of digital RMB and that it is difficult to assess the impact of such work on the company's business, financial condition and results of operations.

Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, the central bank, said on August 25 that digital RMB is still in the internal closed pilot testing phase and has not yet been officially launched, with no specific timetable.