2020-1-11 23:51 |
The People's Bank of China said several important processes in the development of the digital yuan were "almost complete." origin »
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The People Bank of China (PBoC) has just completed a top-layer design and the testing of its central bank digital currency (CBDC) that should be released very soon. As reported by Chinese news outlet Sina on January 10, the tests and top-layer design for the digital Yuan were accomplished and developed according to relevant standards. […]
2020-1-11 21:18 | |
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People’s Bank of China has announced the realization of the top-layer design and joint testing of the planned digital yuan
2020-1-11 18:02 | |
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If 2019 was the year central banks dipped their toes into sovereign digital currencies, 2020 seems to be the year they go all in. People's Bank of China [PBoC], the central bank of China, stated thThe post China's central bank completes top-layer design on digital yuan appeared first on AMBCrypto.
2020-1-10 14:30 | |
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One of the major talking points of 2019 was China's involvement with blockchain and the launch of its DCEP. With the People's Bank of China announcing that a digital yuan would soon be released in theThe post China's DCEP, Libra and Bitcoin would serve completely opposite purposes appeared first on AMBCrypto.
2020-1-9 01:30 | |
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The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency
2020-1-6 12:57 | |
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An official at China’s central bank says that the digital form of the yuan will be different from Bitcoin and stablecoins
2019-12-24 02:55 | |
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Coinspeaker China’s Digital Currency Is at the Final Stage of DevelopmentAs it has been reported by the People’s Bank of China (PBOC), the country’s digital yuan is fully ready for trials.
2019-12-23 22:17 | |
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China’s new sovereign digital currency would not be open to speculation like other cryptocurrencies, said a Chinese central bank official on Saturday. Mu Changchun, head of the People’s Bank of China’s digital currency research institute said it would be a “digital form of the yuan” that wouldn’t need the backing of a basket of fiat […]
2019-12-23 19:11 | |
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According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed.
2019-12-23 10:21 | |
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Despite numerous hostile measures regarding cryptocurrencies, People’s Bank of China can contribute to the development of the cryptocurrency market, and significantly. Bonds on the blockchain worth 20 billion yuan ($ 2.
2019-12-11 20:10 | |
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One of China’s largest banks has just issued a 20B yuan bond using its blockchain bond issuance system. It is the first time this system has been put to use. A leading bank in China has just used its blockchain bond issuing system for the first time.
2019-12-9 19:37 | |
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Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities
2019-12-9 12:43 | |
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People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground with the aid of major Chinese companies and banks.
2019-12-9 12:16 | |
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Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
2019-12-7 21:05 | |
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China’s Yingkou Coastal Bank was forced to stack yuan behind the counter recently as it struggled to meet withdrawal demands. This is a problem that China has faced multiple times in the past month throughout the country.
2019-11-29 18:15 | |
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China’s blockchain drive has been about one thing: getting its people used to a state-backed crypto asset. The People’s Republic is determined to get its crypto yuan out as soon as possible and bankers have stressed that it will be for retail use.
2019-11-27 10:00 | |
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The current president of the Chinese Finance Association, Zhou Xiaochuan, has recently talked about the upcoming digital yuan. According to the economist, who has worked as the former head of the People’s Bank of China, the country’s central bank, China will continue on its path to create a digital yuan to be used for both […]
2019-11-27 00:51 | |
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Zhou Xiaochuan, the former Chairman of the People’s Bank of China, told reporters that implementation of the digital Yuan would involve a multi-step process. He recently outlined three key areas where the digital Yuan will find its most immediate use case.
2019-11-27 20:18 | |
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A renowned Chinese bureaucrat talks about the digital yuan. The Digital Currency… The post Former Governor at the People’s Bank of China Talks About the Digital Yuan appeared first on CCN.com
2019-11-26 17:56 | |
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There are no mixed signals with regards to blockchain and crypto coming from China at the moment. The People’s Republic is full steam ahead on distributed ledger technology as it prepares to ready its population for its own central bank crypto currency.
2019-11-20 12:00 | |
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Despite online impostors claiming otherwise, the People’s Bank of China said the country’s stablecoin project is still in the testing stage with no date set for launch.
2019-11-14 20:45 | |
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While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens.
2019-11-13 08:53 | |
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China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
2019-11-13 20:15 | |
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China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far.
2019-11-9 22:00 | |
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China's Central Bank, People's Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a "horse race" with financial institutions adThe post PBoC official on CBDC: Front runner will take the whole market appeared first on AMBCrypto.
2019-11-6 16:30 | |
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Ethereum co-founder and ConsenSys CEO Joe Lubin says he doesn’t see a reason for China’s central bank to implement blockchain for the digital yuan
2019-11-6 11:28 | |
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Analysts state that Chinese banks are struggling under the weight of their bad loans, and in response, the public is turning towards alternative payment methods such as bitcoin. Four banks have been quietly nationalized over the last few years, they are Baoshang Bank, Bank of Jinzhou, and Heng Feng bank. It’s possible that the economic […]
2019-11-3 18:36 | |
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The Chinese central bank has pumped nearly $30 billion into the economy after recent data showed a slowdown. Chinese crypto investors may get another lucky break if the funds overflow into the sector.
2019-10-16 17:00 | |
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Over the past few months, the confluence of payments and the global economy has never been clearer. With Libra sending tremors from Washington D. C. to Paris, and China unveiling its plan to launch a digital yuan, ill-prepared lawmakers are feeling the brunt of not paying enough attention to the growing digital payments industry.
2019-10-16 09:43 | |
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China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.
2019-9-23 15:20 | |
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Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Speaking to CNBC's Squawk Box, Allaire highlighted the budding prospects of the central bank digital currency (CBDC), suggesting that it could act as the "mechanism" for worldwide adoption of the yuan.
2019-9-14 20:39 | |
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In a series of interviews over the last week, Circle CEO Jeremy Allaire has weighed in on how China is far ahead of any other country in creating a Central Bank Digital Currency and why that will help lead to the internationalization of the yuan. He has also broken down
2019-9-14 18:34 | |
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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.
2019-9-12 13:00 | |
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China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC).
2019-9-12 22:30 | |
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In an interview with Phoenix Chinese news Circle CEO Jeremy Allaire has said that China is the closest to getting a Central Bank Digital Currency (CBDC). China's Phoenix TV interviewed Circle CEO @jerallaire on CBDCs, the internationalization of the Yuan, the rise of USD Coin and the rapidly growing global stablecoin phenomenon. Full interview: https://t.co/Ru29jhLUTj […]
2019-9-12 19:35 | |
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China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3. 8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods.
2019-9-11 13:16 | |
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China's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank.
2019-9-6 13:40 | |
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China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank.
2019-9-8 13:40 | |
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Voltron trade finance platform, developed by eight banks could be commercialized next year HSBC has completed the first blockchain-based letter of credit transaction using Chinese yuan, the bank said on Tuesday.
2019-9-3 19:11 | |
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HSBC Bank, one of the biggest financial institutions in the world, has successfully completed its first distributed ledger technology (DLT) powered letter of credit transaction pegged to the Chinese yuan.
2019-9-3 13:22 | |
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Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. The top cryptocurrency dropped by $242, or 2. 21 percent, to $10,705 as of 16:48 Shanghai time.
2019-8-20 16:00 | |
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A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.
2019-8-14 17:00 | |
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The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders.
2019-8-7 22:26 | |
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Bitcoin rose above the $11,800 level on Monday as People’s Bank of China (PBoC) pushed the Chinese Yuan to its decade low. At around 0740 UTC, the BTC/USD instrument established a local high of $11,860, up 6.
2019-8-5 15:00 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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The People's Bank of China is charting the road map that will lead to the creation of a digital yuan. That may prove beneficial for Tron and NEO. The post China’s Roadmap For A Digital Yuan, Will Tron (TRX) And NEO Benefit? appeared first on Ethereum World News.
2019-7-11 13:00 | |
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The trading platform created by the People's Bank of China and based on the blockchain technology processed transactions worth more than 30 billion yuan ($4.36 billion).
2019-7-14 00:20 | |
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China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
2019-7-9 17:00 | |
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Since May 13, Chinese Yuan has been trading in a tight range of 6. 90 and 6. 95 which finally broke down and tumbled 0. 5%. The biggest in three weeks to a low of 6. 962 vs the US dollar, the lowest level since November 2018.
2019-6-8 19:59 | |
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Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY ecosystem. The post China’s Industrial Bank rewards digital yuan spending with carbon credits appeared first on Crypto Briefing.
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
While Beijing is trying to popularize its digital yuan, only a few seem to be ready to use it. As Chinese government employees, especially those in state-owned enterprises and governmental organizations, become early adopters of receiving their salaries in digital…
Standard Chartered Bank has announced its upcoming participation in China’s digital yuan, also known as digital renminbi (RMB), with the pilot project set to commence on Nov. 27. The bank said it will provide customers with digital yuan exchange, redemption, and other services.
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
A Chinese foreign exchange regulator official showed its support for the CBDC development, the digital yuan. Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), explained to the CNA agency that some of the main features of…
China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province.