2021-9-1 14:10 |
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens. origin »
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Bank of China, a Chinese central bank, is continuing with its anti-crypto campaign, this time the bank has issued a long post in its official WeChat account lashing on crypto exchanges. According to Cointelegraph, the post which was released on March 22 is titled “3.
2020-3-24 20:42 | |
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The People’s Bank of China (PBoC) has secured a funding of 32. 5 million yuan ($4. 7 million) for its blockchain trade finance platform for key research and development projects. The country’s central bank has been spearheading this platform that was launched in Sept.
2020-3-10 22:09 | |
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One of the rallying cries Bitcoin’s most fervent advocates use to promote the cryptocurrency is “become your own bank.” Indeed, this nascent technology allows you to complete the basic functions of modern banks: receive transactions, store capital, and send transactions (and also verify/process transactions if you want to become a miner). While many libertarians see...
2020-2-22 08:19 | |
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The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank.
2020-2-18 08:10 | |
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Coinspeaker Big Chinese Companies Asking for Loans to Fight CoronavirusMore than 300 Chinese firms including Meituan Dianping, China's largest food delivery company, and smartphone maker Xiaomi Corp are seeking for bank loans totaling at least 57.
2020-2-11 16:27 | |
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The next decade will see a digital transformation in China with blockchain adoption, according to Minsheng Bank’s chairman
2020-2-4 01:11 | |
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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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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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Wall Street and global stocks are off to a good start in 2020 after the People's Bank of China provided a fresh liquidity boost to Chinese banks. The post The People’s Bank of China (PBOC) Just Inflated More Air into the Stock Market Bubble appeared first on CCN.com
2020-1-3 16:30 | |
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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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China’s Hengfeng Bank is set to get a $14. 2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari.
2019-12-19 10:33 | |
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Coinspeaker World’s Second-Largest Bank CCB Introduces Its Blockchain-Based Refactoring PlatformThe Chinese Construction Bank (CCB) has introduced a new blockchain-powered refactoring platform with a view to reducing major risks in this sphere.
2019-12-11 18:42 | |
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The China Construction Bank will help finance small businesses using a blockchain platform.
2019-12-11 15:00 | |
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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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Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector.
2019-12-1 17:30 | |
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A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened by frightened savers.
2019-11-28 12:30 | |
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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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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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Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet.
2019-11-26 22:15 | |
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Twitter handle @cnLedger on November 25, 2019, quoted the People’s Bank of China’s (PBoC) newly released China Financial Stability Report 2019, where the apex bank stated that the Chinese regulators had clamped down on 173 cryptocurrency trading and token issuing platforms in the country.
2019-11-25 18:05 | |
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China has reportedly shut down all cryptocurrency exchanges operating within the country, according to a Twitter update from Chinese blockchain outlet CnLedger. CnLedger quoted the People’s Bank of China (PBoC) Financial Stability Report (2019), stating that “the 173 Chinese virtual-currency trading and token issuing platforms have all exited without risk.
2019-11-25 16:06 | |
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China's central bank has formally issued a new plan to crack down on crypto businesses.
2019-11-23 22:15 | |
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The Shanghai branch of the People’s Bank of China has just commented on crypto yet again. According to the announcement, published on Friday, the branch of the Chinese central bank has observed a resurgence in cryptocurrency-related speculation through ICOs, IEOs, STOs, and other capital-raising/token distribution methods.
2019-11-22 12:35 | |
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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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Mu Changchun, the Deputy Director of the People’s Bank of China (PBoC) has taken to De Dao, a popular Chinese education app to enlighten the masses on cryptocurrencies, including Facebook’s Libra altcoin and China’s Digital Currency Electronic Payment (DCEP) system, reports Forkast on November 18, 2019.
2019-11-18 20:00 | |
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The People’s Bank of China (PBOC) revealed that a new regulatory pilot program will be rolled out in three provinces seeking to limit the size of unregistered cash transactions allowed in the nation.
2019-11-17 00:22 | |
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Despite expectations of a Chinese currency backed by the Central bank, officials denied creating the asset.
2019-11-14 18:40 | |
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The People’s Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is ‘controllable anonymity’.
2019-11-13 09:32 | |
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After statements from Chinese President Xi Jinping regarding the possible developments of blockchain technology in the nation, a representative of the People Bank of China stated instead that the institution is neutral with respect to the underlying technology that will be used to develop the digital currency.
2019-11-11 14:00 | |
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Coinspeaker Hong Kong Grants Chinese Tech Giant Tencent a License to Open Virtual BankReceiving the license from the Hong Kong SFC, Tencent will be working on a blockchain-based virtual banking system.
2019-11-9 14:40 | |
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Tunisia might just beat China to the punch. If you thought the first digital currency launched by a central bank would be the digital dollar, the electronic euro or the Chinese cryptocurrency, you'The post Tunisia to issue dinar-backed CBDC with Russian developers appeared first on AMBCrypto.
2019-11-9 10:30 | |
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Zhou Xiaochuan, the chairman of the People’s Bank of China from 2002 to 2018, has come out saying that Libra would work better if controlled by the International Monetary Fund (IMF). China has been watching Facebook’s Libra digital currency plans closely.
2019-11-9 00:12 | |
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Per a November 4, 2019, statement from Huawei’s WeChat channel, the multinational telecom titan has signed a strategic cooperation agreement with the People’s Bank of China (PBoC) – China’s central bank.
2019-11-6 02:00 | |
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There’s been a resurgence of blockchain discussion this year, especially after China’s President Xi Jinping lauded blockchain and told Chinese citizens the country needs to accelerate distributed ledger technology development.
2019-11-4 21:50 | |
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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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Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in trouble […] The post Another Chinese Lender Bailed Out After Bank Run appeared first on Bitcoin News.
2019-11-3 10:35 | |
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For much of Bitcoin’s 11-year lifespan, it has been laughed off as nothing more than an experiment— a worthless form of “magical internet money” for those on the fringe. But, according to a number of industry commentators, the cryptocurrency’s value proposition was just bolstered with news that a Chinese bank has been subject to what […] The post Bitcoin’s value proposition bolstered as China sees sudden bank run appeared first on CryptoSlate.
2019-11-3 01:57 | |
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After five to six years of research, China’s central bank revealed few specifics of its Digital Currency Electronic Payment (DCEP) project while a Chinese official finally stated that the People's Bank of China (PBoC) is likely to be the world’s first central bank to launch a digital currency. Digital Currency Electronic Payment will be powered […]
2019-11-2 22:24 | |
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The sudden popularity regarding blockchain technology in China is exciting. However, these positive stories aren’t having the expected effect on Bitcoin’s price. For example, the China Merchants Bank has recently announced that it has made an investment in the crypto wallet BitPie, arguably one of the most popular wallets used by Chinese investors.
2019-10-31 04:27 | |
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Bitmain, the leading Chinese cryptocurrency mining equipment manufacturer, has just filed for an Initial Public Offering (IPO) with the U. S. Securities and Exchange Commission. Surprisingly the IPO will be sponsored by the infamous Deutsche Bank.
2019-10-31 15:03 | |
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Search volumes for “Bitcoin” on China’s social media platforms have spiked sharply following the Chinese government’s announcement of an openly bullish stance on blockchain and its various applications, including digital finance.
2019-10-29 07:32 | |
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While the PBoC has yet to confirm the launch of "DCEP," China's finance tsar Huang Qifan says that the central bank has been studying it for almost six years
2019-10-29 17:22 | |
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Commercial banks should step up the application of blockchain technology to embrace digital finance, Li Wei, the head of the People's Bank of China’s technology department, said at a forum in Shanghai on Monday.
2019-10-28 16:05 | |
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A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.
2019-10-28 13:30 | |
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China had prohibited financial firms from holding or trading in Bitcoin back in December 2013, going on to later ban any foreign crypto-exchange that offered such services. However, the latest announcement by the Chinese President Xi Jinping on blockchain technology, followed by the passage of the cryptographic law, has made everyone optimistic that maybe China […] The post China Merchant Bank invests in Bitcoin wallet after passage of ‘cryptographic’ law appeared first on AMBCrypto.
2019-10-28 12:28 | |
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Chinese bitcoin FOMO appears to be on the rise as a major bank has reportedly invested in a local wallet platform. This report marks another significant crypto and blockchain-related development from China as the country appears to be moving towards government-approved adoption.
2019-10-28 12:00 | |
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Less than a week after President Xi Jinping’s iconic speech on blockchain technology, another top official from the Chinese government has openly endorsed decentralized distributed ledgers as the future of banking and financial institutions.
2019-10-29 11:07 | |
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In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions.
The Royal Government of Bhutan is still making strategic use of its Bitcoin assets. On December 10 the government dispatched 502 Bitcoin, or around $49. 42 million, to two platforms, Binance and QCP Capital.
The recent Bitcoin price surge, which surpassed $100,000 for the first time, is creating ripples in the long-struggling crypto lending sector, particularly through decentralized finance (DeFi) applications.
With a second Donald Trump administration and friendlier crypto regulations on the horizon, many crypto investors and personalities have drawn their lines. Brian Armstrong, Coinbase CEO, said it’s time to work only with companies and personalities with the same commitment to crypto and the blockchain.
Switzerland has officially passed legislation to explore Bitcoin mining, signaling a growing acceptance among traditional financial institutions and governments worldwide. This initiative, reported by Dennis Porter, CEO of the Satoshi Action Fund, reflects a broader trend accelerated by recent political shifts, including Donald Trump’s election, which have reignited interest in Bitcoin as a viable financial […]
In a significant challenge to the US Securities and Exchange Commission (SEC) and its regulatory approach toward the crypto industry, 18 states have filed a lawsuit against the agency and its commissioners on Thursday.
As President-elect Donald Trump prepares to take office again in January, his proposal to create a national Bitcoin reserve is gaining momentum across the United States. Several states are now reportedly considering plans to establish their own cryptocurrency reserves, reflecting a broader movement to recognize Bitcoin as a legitimate store of value. Pennsylvania’s Bitcoin Strategic […]