2021-6-1 12:33 |
Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government.
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Coinspeaker JD.com Joins PBOC on Digital Yuan ProjectJD.com, one of the biggest eCommerce businesses in China, will work with PBOC on the development of the digital currecy project.JD.com Joins PBOC on Digital Yuan Project
2020-9-23 15:21 | |
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An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on The post People’s Bank of China: issuing CBDC is a new global 'battlefield' appeared first on AMBCrypto.
2020-9-21 22:00 | |
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China should aim at becoming the first country to issue digital currency as part of its efforts to internationalize the yuan and lessen its over-dependence on the world’s dollar-dominated payment system, the People’s Bank of China (Chinese central bank) said.
2020-9-22 19:38 | |
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China's e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi.
2020-9-21 16:57 | |
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Coinspeaker PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar DependencyNow China needs to establish a new payment system network to support its digital currency growth.
2020-9-21 15:14 | |
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The People’s Bank of China (PBOC) recently published a commentary in which it noted that China must be the first nation to launch the CBDC. The goal has not changed — China aims to offer its digital yuan and internationalize its own currency.
2020-9-22 13:12 | |
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The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)
2020-9-21 11:48 | |
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Foreign investors still doubt the PBoC's policies when it comes to the RMB exchange rate.
2020-8-30 21:05 | |
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China’s central bank has denied rumors of its planned digital currency electronic payment (DCEP) system being used for large value transactions. The People’s Bank of China (PBoC), is currently coordinating central bank digital currency (CBDC) trials across several cities in the country.
2020-8-25 19:22 | |
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Coinspeaker China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC SaysThe People’s Bank of China (PBOC) has clarified the spreading rumors that the testing of its DCEP involves large cash transactions.
2020-8-25 17:50 | |
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The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency.
2020-8-24 12:47 | |
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China’s digital yuan ‘DC/EP’ might soon be replacing the fiat renminbi in circulation following an announcement by the country’s ministry of commerce to scale the pilot in more cities. This PBoC backed digital currency has been in progress since 2014 but was only piloted recently, marking a significant milestone towards the adoption of CBDC’s. The […]
2020-8-17 17:06 | |
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The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.
2020-7-9 16:20 | |
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Didi Chuxing Technology Co. , China’s leading mobile transportation firm founded by Cheng Wei in June 2012, has announced that it has joined forces with the Digital Currency Research Institute of the People’s Bank of China (PBoC).
2020-7-9 21:00 | |
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Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.
2020-7-8 09:58 | |
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China's much anticipated Digital Yuan backend development is complete, according to Wang Zhongmin, the former Vice-Chair of the PBoC National Council for Social Security Fund. Wang made this announcement during the virtual 2020 FinTech Forum that was held by Beijing's Fintech 50 Forum in collaboration with Tencent FinTech Research Institute. The initiative, which began around […]
2020-6-23 21:47 | |
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China's Digital Yuan could challenge the U. S dollar and Bitcoin, according to a recent report by Bloomberg. The PBoC backed digital asset was piloted in April by the Agricultural Bank of China within four cities in the country.
2020-6-4 00:04 | |
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The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no plan at all for an official launch of a digital yuan.
2020-5-27 19:19 | |
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As the world emerges from lockdown, China is already several steps ahead in the roll-out of a Central Bank Digital Currency (CBDC). The Asian giant spearheaded its digital Yuan back in April and is now integrating the PBoC backed asset into China's existing payment networks.
2020-5-26 18:27 | |
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China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan.
2020-4-25 23:05 | |
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Yesterday, the crypto community was shocked when local reports suggested that the Agricultural Bank of China — one of the nation’s biggest commercial banks, which is coincidentally state-owned — has begun to test a national digital currency project.
2020-4-16 10:00 | |
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Agricultural Bank of China (ABC), one of the “Big Four” financial institutions controlled by the government of the People’s Republic of China (PBoC), has launched a mobile application for testing the nation’s central bank digital currency (CBDC) dubbed DE/CP.
2020-4-15 21:00 | |
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Many central banks including the People's Bank of China (PBoC), Bank of Canada, Bank of England, Bank of Japan, ECB, the Sveriges Riksbank, and Swiss National Bank are working toward releasing their oThe post CBDCs vs Digital assets: crypto-assets are private, CBDCs are sovereign in nature appeared first on AMBCrypto.
2020-4-14 00:00 | |
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Reports have surfaced that China’s Central Bank has made strides towards realizing their Central Bank Digital Currency (CBDC). In a virtual meeting by the People’s Bank (PBOC) top brass, whose focal point seems to be the discussion around the ongoing developments of China’s digital Yuan.
2020-4-6 17:22 | |
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According to the Chamber of Digital Commerce, China has filed 84 patents for the digital yuan, its new upcoming digital currency. The patents date to 2017 and are credited to the People’s Bank of China’s (PBoC) Digital Currency Institute.
2020-2-14 00:55 | |
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Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system.
2020-2-13 22:30 | |
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A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee.
2020-1-11 23:00 | |
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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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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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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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PBOC wants to distinguish its own digital currency from rival private initiatives.
2019-12-24 20:22 | |
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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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After announcing its support for a state-backed digital asset back in August, China's proposed CBDC is edging closer to becoming a reality and becoming a part of the country's financial ecosystem.
2019-12-9 13:00 | |
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The People's Bank of China (PBoC) is collaborating with Huawei, commercial banks as well as major telecommunications operators to roll out its digital currency
2019-12-9 10:36 | |
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Zhou Xiaochuan, former governor of the People’s Bank of China (PBoC), believes that digital currency and blockchain should continue to be a focus for China moving forward, citing the use of the coins for domestic retail transactions as well as remittance payments.
2019-11-27 03:00 | |
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Longest-serving PBoC governor says China will continue to focus on its digital yuan as a mechanism for domestic retail systems and payment
2019-11-27 23:18 | |
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Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments.
2019-11-27 21:15 | |
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China has been working on its centrally-backed digital currency for quite a while now, while also maintaining its distance from other cryptocurrencies. The country is in the news again after on 26 NovThe post China will implement retail system-based CBDC: Former PBoC Governor appeared first on AMBCrypto.
2019-11-26 16:10 | |
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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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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 PBoC (People’s Bank of China) was recently forced to release a statement indicating that its much anticipated digital asset was still in its testing stages. This news comes during a time when there are online reports insinuating that dates had already been set for the official launch of the stablecoin. DCEP or the Digital […]
2019-11-15 22:47 | |
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Despite having a longtime ban against cryptocurrency, the People’s Bank of China recently decided to research the use of digital currency for themselves. While there have been multiple news reports stating that the central bank has already issued digital currency, the PBoC has stated that the claims are “fraudulent.” Instead, the official statement from the […]
2019-11-14 23:14 | |
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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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A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world.
2019-11-8 14:10 | |
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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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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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Coinspeaker Huawei Now Partners with China’s Digital Currency Research UnitHuawei has entered strategic cooperation with the People’s Bank of China (PBoC) which is the central bank of the country.
2019-11-6 21:56 | |
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China’s central bank, the People’s Bank of China (PBoC), has reportedly made a deal with mobile phone manufacturing giant Huawei. The bank’s digital currency research department will work with the company to develop a greater understanding of the distributed database technology backing cryptocurrencies.
2019-11-5 19:49 | |
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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.