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Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
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. дальше »
2020-2-18 08:10 | |
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Rise of Libra and Digital Yuan Spur Action from Global Powers
Facebook’s Libra may have nudged central banks to open their eyes to the world of digital currencies, but China’s brisk progress on its digital yuan has compelled global powers to...The post Rise of Libra and Digital Yuan Spur Action from Global Powers appeared first on Cryptocurrency News. дальше »
2020-2-6 19:03 | |
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Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. дальше »
2020-2-3 07:25 | |
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Cambodia Announces State Cryptocurrency as More Details Surface About China’s Digital Yuan
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. дальше »
2020-2-3 07:25 | |
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Japanese Lawmakers to Propose Digital Yen in Response to China’s Digital Yuan
A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across the globe are either studyingRead MoreRead More. дальше »
2020-1-26 02:00 | |
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China’s Central Bank: Here’s the Latest on the Digital Yuan
The People's Bank of China said several important processes in the development of the digital yuan were "almost complete." дальше »
2020-1-11 23:51 | |
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China’s PBoC Completes ‘Top-Level’ Design For Digital Yuan, Launch Date Still Unknown
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. […] дальше »
2020-1-11 21:18 | |
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China's central bank completes top-layer design on digital yuan
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. дальше »
2020-1-10 14:30 | |
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China’s Central Bank Digital Currency is “Digital Form of the Yuan” & “Not for Speculation”
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 […] дальше »
2019-12-23 19:11 | |
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PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
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. дальше »
2019-12-23 10:21 | |
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PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
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. дальше »
2019-12-9 12:16 | |
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Is Bitcoin Really A Hedge Against The US-China Trade War And Devaluing Yuan?
The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […] дальше »
2019-8-9 15:48 | |
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3 Central Banks Shock The Market With Aggressive Rate Cuts; Yuan Crashes, Gold And Bitcoin Rallying
Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing. дальше »
2019-8-8 16:45 | |
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Chinese Yuan Tumbles, A Break Through $7 Would Get “Bitcoin Bulls Excited”
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. дальше »
2019-6-8 19:59 | |
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China's Central Bank Wants to Put the Damper Airdrops: Report
The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. дальше »
2018-11-5 22:04 | |
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China's Central Bank Wants to Put the Damper on Airdrops: Report
The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. дальше »
2018-11-7 22:04 | |
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Chinese Regulators Struggle to Halt Illicit Trading, Exchanges Switching Domain Names
The Chinese cryptocurrency ban is proving to be far more difficult for regulators to enforce than anticipated. The Central Bank of China released a July report announcing the success of the country’s cryptocurrency ban, stating that the influence of the Chinese Yuan on the cryptocurrency market—which previously accounted for 90 percent of global trading volume […] The post Chinese Regulators Struggle to Halt Illicit Trading, Exchanges Switching Domain Names appeared first on CryptoSlate. дальше »
2018-9-10 14:00 | |
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China Celebrates Killing Its Bitcoin Exchanges as CNY Volume Falls Under 1%
The People’s Bank of China (PBOC) has declared victory over Bitcoin, stating that the market leader’s trading in its national currency has fallen to less than 1 percent of total global volume. дальше »
2018-7-10 16:00 | |
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Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report
Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto
дальше »2018-7-9 21:20 | |
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China’s Central Bank Hails Crypto Ban a Huge Success
The Central Bank of China is calling the country’s crypto ban a huge success as recent data shows that the Chinese Yuan is currently being used in less than 1% of crypto-trades. Chinese Crypto Ban Huge Success The Chinese crypto market once dominated the space, accounting for 90% of all global trades according to a. дальше »
2018-7-9 14:00 | |
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