China's central bank dismisses reports of legal digital currency issuance

2019-11-13 12:37

China has been making headlines ever since it was revealed that the country is working on its digital currency, with China also accelerating its work on blockchain technology. However, there have alsoThe post China's central bank dismisses reports of legal digital currency issuance appeared first on AMBCrypto.

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china digital currency reports bank central issuance

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Digital Yuan Still in Trial: China Airdrops Another $3 Million Worth of Its DCEP to 10,000 Suzhuo Residents

China’s digital Yuan has been facing a series of trials since its launch. The country has been making several attempts to gain a foothold for its digital currency. Still, in the test phase, China has just airdropped another $3 Million worth of its DCEP to some Suzhuo residents, according to a new report. This appears […]

2020-12-17 18:00


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Ripple CEO Calls On US Regulators To Embrace Digital Currencies As Nation Falls Behind China On Crypto Innovation

Ripple CEO Brad Garlinghouse has once again called on the United States regulators to step up and “lean into digital currencies” as the nation is falling behind China in terms of crypto innovation. Notably, China has continued with the development of its central bank digital currency, to the extent of conducting real-world pilot tests on […]

2020-5-28 10:26


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PBC Governor says China has no launch timetable for the Digital Yuan

The People’s Bank of China has reiterated that the Digital Yuan is still at the testing phase and there is no set timetable for the official launch The Governor of the People’s Bank of China (PBC) Yi Gang has reportedly told a panel at a meeting that the country’s move towards launching a central bank-issued […] The post PBC Governor says China has no launch timetable for the Digital Yuan appeared first on Coinjournal.

2020-5-27 20:07


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China: Digital Currency Experiments and Research to be Headed by Shenzhen

Shenzhen will be the testing grounds for China’s fascinating digital currency ambitions, this according to a central government document. As reported by Beloit Bulletin, September 30, People’s Bank of China (PBoC) plans to launch a significant research effort pertaining to the development of China’s national digital currency and others with hopes of fostering significant urbanRead MoreRead More.

2019-9-30 19:00


China Planning to Launch its Government-Backed Digital Currency Before Facebook’s Libra

The central bank digital currency (CBDC) of China may come out sooner than expected as the “time is almost ripe,” reported China Daily on Tuesday. Last week, we reported Mu Changchun, deputy director of the People's Bank of China’s payments department saying that the government-backed digital currency is ready to be launched after five years […]

2019-8-20 19:12


People’s Bank of China (PBoC) Expresses Cash Concerns Citing Cryptocurrency’s Growing Presence

Local authorities in China are worried about the exponential growth that digital payments are experiencing in the country. In a recent report released by the FT, the People’s Bank of China (PBoC) is very concerned about the declining relevance of cash for processing payments in the Asian country. According to this report, there are several […]

2019-1-3 09:26


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