ChainCatcher News, the Shanghai headquarters of the People's Bank of China issued a risk warning, alerting the public to guard against investment scams that misuse the central bank's name in relation to digital renminbi. The central bank emphasized that it has never released announcements such as "investing in digital renminbi for cashback" or "paid recruitment of pilot promoters," and reminded the public to be cautious of four main traps: investment transactions under the guise of digital renminbi, fake group invitations, information collection through unofficial channels, and counterfeit apps.As a legal digital currency, the digital renminbi is exchanged 1:1 with physical renminbi, leaving no room for investment speculation. Users should download and use the digital renminbi app through official channels.

ChainCatcher news, according to the Xiong'an Release public account, the digital RMB pilot in Xiong'an New Area has achieved new results, with the first national digital RMB tax payment business in the fiscal sector and the development of related self-service tax payment terminals. The government procurement management application utilizes "Blockchain + Digital RMB" technology to increase the advance payment ratio and implement multiple applications to solve enterprise difficulties. In 2024, the People's Bank of China Xiong'an New Area Branch, in conjunction with the Xiong'an New Area Reform and Development Bureau, will launch the "Implementation Plan for Deepening the Digital RMB Pilot Work in the Rongdong Area" to enhance public awareness. By combining blockchain with digital RMB, the "Digital Currency Loan" product will be introduced, with payment amounts nearing 100 million yuan.

ChainCatcher news, the Financial Office of the Guangzhou Municipal Committee recently issued the "Action Plan for Further Promoting the Digital Renminbi Work in Guangzhou" (referred to as the "Digital Currency 2.0 Plan"). The "Action Plan" clarifies the main tasks of the pilot work from seven aspects.Further leverage the functional roles of the member units of the Guangzhou Digital Renminbi Work Leading Group. Each unit will formulate work plans for innovating and promoting digital renminbi application scenarios in their respective fields, implementing no less than one application scenario in their areas of responsibility.Explore promoting the use of digital renminbi as a payment method for prepaid services citywide.Vigorously create various digital renminbi application demonstration zones.Further enrich and improve application scenarios for digital renminbi in the transportation sector.Promote innovative digital renminbi application scenarios in the port and shipping sector.Actively advance the application of digital renminbi in cross-border payment and other businesses. Actively promote the participation of digital renminbi operating institutions and related enterprises in the pilot testing of the multilateral central bank digital currency bridge in the Guangzhou area. The Guangzhou Commodity Exchange's commodity trading platform and the Guangzhou Shipping Exchange's digital renminbi application will be implemented.Vigorously enhance the foundational strength of the digital renminbi industry.

ChainCatcher news, according to the People's Bank of China official account, the People's Bank of China work conference will be held from January 3 to 4, 2025. The conference pointed out that in 2024, the financial management and service capabilities will continue to improve, and the research and application of the digital renminbi will be steadily advanced.In 2025, further optimization of the central bank's financial management and services will be carried out, strengthening the legal protection of the central bank's duties. A multi-level and diversified payment service system will be improved. The integration of information technology systems will be promoted in an orderly manner. The multi-level credit reporting market will be vigorously developed. The central bank's financial services in rural areas will be continuously optimized. Solid work will be done in economic and financial research, comprehensive statistics of the financial industry, currency issuance, digital renminbi research and development, treasury management, and international assessments of anti-money laundering, among other tasks.

ChainCatcher news, according to China News Service, the First International Commercial Court of the Hainan Province First Intermediate People's Court successfully transferred litigation fees to the digital RMB account of the parties involved in a housing sale contract dispute case. This is the first time the court has processed a digital RMB refund for a party from Hong Kong, achieving an innovative breakthrough in the field of litigation refunds for foreign-related cases.In the process of handling the refund for Mr. Gao, the staff of the International Commercial Court of Hainan First Intermediate Court conducted comprehensive research on relevant policy regulations, as well as the specific processes for applying for real-name accounts and court transfer operations with the Hainan Branch of the People's Bank of China. They guided Mr. Gao to obtain a digital RMB real-name account that does not require binding a domestic bank card, ultimately successfully processing the refund using this method.

ChainCatcher news, the encrypted wallet MetaMask tweeted that its U.S. users (excluding those in Texas and New York) can use Venmo to purchase cryptocurrency, supported by MoonPay. Users can initiate Venmo through the MetaMask extension and mobile devices.

ChainCatcher news, according to Jinshi reports, the "Yongxing-Guofu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and Innovative)" managed by Yongzheng Asset Management and sold by Yongxing Securities held its listing ceremony on the Shanghai Stock Exchange, with an initial issuance scale of 138 million yuan, a term of 1 year, and a coupon rate of 2.2%. The product's senior debt rating is AAA, making it the first intellectual property securitization product issued in the form of digital renminbi nationwide, and it marks a breakthrough for Ningbo's intellectual property securitization project.

ChainCatcher news, according to the "Maoming City" WeChat public account, Maoming City (a prefecture-level city in Guangdong Province) is continuously promoting the pilot work of digital RMB. Recently, I learned from the Maoming branch of the People's Bank of China that the party and government agencies and public institutions in Maoming City have fully implemented the distribution of subsidies in digital RMB.In July this year, the Maoming Municipal Finance Bureau and the Maoming branch of the People's Bank of China jointly issued the "Notice on the Pilot Work of Distributing Subsidies in Digital RMB." According to the requirements of the "Notice," the party and government agencies and public institutions in Maoming City began to fully implement the distribution of subsidies in digital RMB starting in September. By the end of October, a total of 359 budget units in the city had implemented the distribution of subsidies in digital RMB, with a cumulative total of 75,883 instances of subsidies distributed to administrative agencies and public institutions, amounting to 81.738 million yuan.At the same time, Maoming is also promoting the quality, expansion, and efficiency of the digital RMB pilot work, expanding multi-channel payment methods. In the next step, Maoming City will continue to promote the distribution of salaries in digital RMB for all budget units in the city. Additionally, it will actively promote the construction of a digital RMB application demonstration area in the eastern section of the Maonan River in Maoming City.

ChainCatcher news, Hong Kong Special Administrative Region Legislative Council member Yiu Tak-ken stated at the establishment event of the Hong Kong Compliance Industry Association, "I believe stablecoins represent a huge market, and various countries are trying, and everyone is paying attention. However, we need to wait for the regulatory details from Hong Kong to move forward. As a Legislative Council member, I am interested in whether we can issue a stablecoin based on the Renminbi in Hong Kong, as this is a massive market."

ChainCatcher news, Denmark plans to tax unrealized capital gains on cryptocurrencies starting January 1, 2026. This initiative aims to incorporate cryptocurrencies like Bitcoin into the existing financial tax framework, treating them on par with other investment assets.The new tax rules apply to all cryptocurrencies purchased since the inception of Bitcoin in 2009.The Danish government announced that starting in 2027, they will exchange data on Danish crypto investors internationally. They also plan to introduce a bill in early 2025 requiring crypto service providers to report customer transactions. This will help Denmark regulate approximately 300,000 Danes with crypto assets and curb potential tax evasion.

ChainCatcher news, Web3 payment infrastructure company MoonPay announced that Venmo users in the United States can now use MoonPay to purchase cryptocurrency. With this integration, users can buy tokens using their Venmo balance. This feature is now live and will soon be rolled out across the MoonPay partner network.

ChainCatcher news, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, recently pointed out in an article in the "Current Affairs Report" that the digital renminbi features a dual-layer operational framework, combining both account and value models. In the future, the digital renminbi will deepen its development in areas such as cross-border payments and smart contracts, aiding in the internationalization of the renminbi and the construction of a unified domestic market.The digital renminbi integrates both account and value models and achieves a unified ledger through data capability construction: under the account model, it can be integrated and interconnected with the traditional banking account system; under the value model, it can facilitate value exchange in the form of currency strings, providing smart payments on the blockchain and usable in extreme offline scenarios such as "no network" and "no electricity," optimizing traditional trade finance processes and supporting cost reduction and efficiency enhancement.

ChainCatcher news, according to Tencent News "Frontline" report, in response to the rumors that "the central bank's digital renminbi platform will distribute digital asset dividends," the Digital Currency Research Institute of the People's Bank of China has issued a stern denial.Relevant individuals emphasized that the institute has never released such information, nor has it organized any registration or subscription for "digital assets," or distributed "digital asset dividends." Previously, criminals misused the name of the institute to release false information involving "joint approval by the Ministry of Finance and the National Data Bureau" and "launching the second batch of asset registration review." The official reminder urges the public to remain vigilant against fraud and reiterates that the official download channels for the digital renminbi App are limited to major application markets and the official website.

ChainCatcher news, Ethereum Name Service (ENS) announced that PayPal and Venmo have integrated ENS into their payment platforms. When sending cryptocurrency on PayPal or Venmo, simply enter the ENS domain name, and the platform will automatically resolve it to the wallet address. This feature will be initially available to users in the United States.

ChainCatcher message, the full text of the revised "Regulations on Promoting the Construction of an International Financial Center in Shanghai" has been released, which states that the Shanghai Municipal People's Government shall cooperate with the central financial management departments to steadily promote the research and application of digital RMB in the city, build functional platforms such as a digital RMB innovation and operation center, facilitate the cross-border use of digital RMB, study applications of digital RMB supporting blockchain value system payments, and promote more projects to be included in the multilateral central bank digital currency bridge.The local financial, development and reform, finance, commerce, transportation, data, civil affairs, education, and other departments of Shanghai should cooperate with the central financial management departments in the city's institutions to promote the application and promotion of digital RMB, innovate and enrich the application scenarios of digital RMB.The local financial department of Shanghai should cooperate with relevant municipal departments to support financial institutions, fintech companies, and others in participating in the construction of urban computing power infrastructure, blockchain infrastructure, public data open infrastructure, and so on. The city supports financial institutions, financial infrastructure operation institutions, and others in strengthening the application of technologies such as blockchain, artificial intelligence, and big data, improving risk control systems, and expanding the supply of financial products and services.

ChainCatcher message, f2pool data shows that, based on an electricity cost of $0.06 per kWh, the mining machines such as Shennma M30S++ (shutdown coin price $57,513), Shennma M33S++ (shutdown coin price $57,514), Avalon A1346 (shutdown coin price $55,657), and Antminer S19 Pro (shutdown coin price $54,813) are all approaching their shutdown coin prices.

ChainCatcher news, according to the Zhejiang Procuratorate public account, recently a criminal gang in Shaoxing City, Zhejiang Province illegally cashed out over 200,000 yuan within four days using digital RMB accounts. Several individuals lured merchants with digital RMB accounts through shopping and casual conversations. After the merchants agreed to cash out, they first converted a certain amount of their own money into virtual currency as a deposit to transfer to the upper-level operator, and then sent the digital RMB payment code to the upper-level operator. Once the fraudulent funds entered the merchant's digital RMB account, the merchant deducted a handling fee ranging from 1% to 1.5% and cashed out the corresponding amount. The Yuecheng District Procuratorate filed a public prosecution, and the court sentenced Yuan, Zhang, and Kou to fixed-term imprisonment ranging from one year and four months to seven months for the crime of concealing and disguising criminal proceeds, along with fines.Prosecutors remind the public to enhance their understanding of digital RMB, pay attention to protecting personal information, and report any suspicious situations promptly to safeguard their property security.

ChainCatcher news, Economic Daily published an article titled "Accelerate the Application of Digital Renminbi and International Cooperation".The article points out that it is necessary to strengthen cooperation with economies that are major trade partners of our country, economies that have a demand to reduce reliance on other major currencies, and economies that have a demand for currency diversification in international transaction pricing, clearing, and foreign exchange reserves. It advocates for actively and steadily carrying out pilot projects for cross-border payment clearing and international cooperation with digital renminbi through multiple measures, expanding the coverage and application of digital renminbi in regional economic trade and investment cooperation, enhancing the inertia and stickiness of using digital renminbi, researching and analyzing the reserve demand for digital renminbi from trading partner countries, and better considering the promotion of digital renminbi in the construction of the cross-border payment system and the cross-border receipt and payment information management system for renminbi.In addition, further research should be conducted to improve the application of multilateral central bank digital currency bridge solutions in cross-border fund allocation, international trade settlement, and foreign exchange transactions, addressing the existing challenges of low security, low transparency, low efficiency, and high costs in several mainstream models of cross-border payment and clearing.

ChainCatcher news, the Hong Kong Monetary Authority announced further progress in cooperation with the People's Bank of China on the cross-border payment pilot of the digital renminbi, expanding the pilot scope of the digital renminbi in Hong Kong, facilitating Hong Kong residents to open and use digital renminbi wallets, and adding value to the digital currency wallets through "Faster Payment System."With this expansion of the pilot scope, users can now open and use personal digital currency wallets in Hong Kong simply by using a Hong Kong mobile phone number. The digital currency wallet can be used for cross-border payments but cannot be used for transfers between individuals. Hong Kong users can add value to their wallets through the local 17 retail banks via "Faster Payment System." The digital renminbi can be used not only in the Greater Bay Area but also in other pilot areas in the mainland.