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Digital yuan conceived to counter Alipay-like platforms, says former PBoC executive
Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government.
дальше »2021-6-1 12:33 | |
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People’s Bank of China: issuing CBDC is a new global 'battlefield'
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. дальше »
2020-9-21 22:00 | |
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China Should Seize the ‘First Mover’ Advantages of Launching A CBDC: PBoC
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. дальше »
2020-9-22 19:38 | |
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PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar Dependency
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. дальше »
2020-9-21 15:14 | |
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PBOC commentary: China must be the first to issue CBDC
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. дальше »
2020-9-22 13:12 | |
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China’s DCEP Trials Restricted to Micro-Transactions, Says Central Bank
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. дальше »
2020-8-25 19:22 | |
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China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC Says
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. дальше »
2020-8-25 17:50 | |
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PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale
The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency. дальше »
2020-8-24 12:47 | |
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China to Scale Digital Yuan Pilot to 28 Cities as it Solidifies Its Tokenomics Dominance
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 […] дальше »
2020-8-17 17:06 | |
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China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
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. дальше »
2020-7-9 16:20 | |
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Chinese Transportation Giant Didi Chuxing to Trial DCEP
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). дальше »
2020-7-9 21:00 | |
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Former PBoC Vice-Chair Says the Backend Infrastructure for China’s Digital Yuan is Complete
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 […] дальше »
2020-6-23 21:47 | |
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China’s Digital Yuan Set to ‘Displace’ Bitcoin and U.S Dollar; Report
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. дальше »
2020-6-4 00:04 | |
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‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank
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. дальше »
2020-5-27 19:19 | |
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China’s Digital Yuan Sets the Country on Track for Tokenomics Dominance
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. дальше »
2020-5-26 18:27 | |
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Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
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. дальше »
2020-4-25 23:05 | |
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China Crypto Insider Releases More Details About PBOC’s Digital Yuan Project
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. дальше »
2020-4-16 10:00 | |
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China: State-Owned Bank Agricultural Bank of China Begins Testing CBDC
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. дальше »
2020-4-15 21:00 | |
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CBDCs vs Digital assets: crypto-assets are private, CBDCs are sovereign in nature
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. дальше »
2020-4-14 00:00 | |
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China’s PBoC Places Central Bank Digital Currency Development As Top Priority
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. дальше »
2020-4-6 17:22 | |
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People’s Bank of China Has Filed 84 Digital Payment Patents For CBDC’s: Report
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. дальше »
2020-2-14 00:55 | |
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China Files 84 Patents For Central Bank Digital Currency
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. дальше »
2020-2-13 22:30 | |
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ANALYSIS: The Global Game of Coins Heats Up
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. дальше »
2020-1-11 23:00 | |
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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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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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China's PBoC announces test-launch of DC/EP model in Shenzhen, Suzhou
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. дальше »
2019-12-9 13:00 | |
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China Ready to Roll out State-Backed Digital Currency
According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. дальше »
2019-8-12 21:42 | |
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PBOC’s Digital Currency Nearly Ready After 5 Years of Development
Coinspeaker PBOC’s Digital Currency Nearly Ready After 5 Years of DevelopmentA senior official of China's central bank announced at the China Finance 40 Group meeting that the country will soon roll out its central bank digital currency (CBDC). дальше »
2019-8-12 16:54 | |
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China’s central bank announces completion of virtual currency after meticulous planning since 2014
Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready. дальше »
2019-8-11 12:33 | |
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People’s Bank of China (PBoC) Talks Plans to Fast-Track R&D Related to its Legal Digital Currency
On Friday, August 2, 2019, the People’s Bank of China (PBoC) supposedly held a video conference in which things that needed to be achieved in the second half of the year were elaborated upon. According to The Block, China’s central bank reported its plans to accelerate its goals with regard to a country-wide digital currency […] дальше »
2019-8-3 17:24 | |
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Libra and others that follow it will establish exchange relations with major currencies, says former PBoC Governor
With Bitcoin getting mainstream recognition, there has been a lot of institutional onboarding into digital assets. Giants like Facebook, J. P. Morgan, Amazon, Alibaba, Microsoft, and others from all industrial sectors have started to look towards these assets as something that could potentially help solve problems in existing systems, ranging from payments, transfer of value etc. дальше »
2019-7-10 17:30 | |
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China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC Official
Coinspeaker China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC OfficialWhen the U. S. sneezes the rest of the world catches a cold, and this time around the cold has caught up with China. дальше »
2019-7-9 10:50 | |
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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 […] дальше »
2019-1-3 09:26 | |
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‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)
The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies. дальше »
2018-12-10 15:00 | |
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Yao Qian Of PBoC’s Crypto Lab to Join China Securities Depository and Clearing Corporation (CSDC)
Yao Qian, the former architect of China's central bank digital currency (CBDC)left his position and has now taken up the role of general manager at the China Securities Depository and Clearing Corporation (CSDC). дальше »
2018-10-16 00:25 | |
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China’s Crypto Market is Thriving: Ethereum Hotel, Exchanges, and OTC Trading
The government of China and its central bank the People’s Bank of China (PBoC) enforced a strict crypto trading ban in September 2017. Yet, the local cryptocurrency market of the country remains active, with hotels, exchanges, and over-the-counter (OTC) trading platforms supporting digital assets. дальше »
2018-9-30 10:00 | |
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