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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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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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Coronavirus Forces China to Sanitize Billions in Paper Money, Bitcoin Avoids Such Precautions

China’s central bank, The People’s Bank of China (PBoC), plans to sanitize billions of yuan notes in areas that are worst affected by the coronavirus. The epidemic, which has hit China’s political, economic, and education systems very hard, has pushed the nation’s authorities to take extreme actions to curb the spread of the virus. дальше »

2020-2-19 23:20


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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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What’s happening with crypto in China? 3 things investors should consider

It has been over two years since the People’s Bank of China (PBoC) effectively banned crypto exchanges and trading. Yet, China remains a key topic in the crypto space in 2020. Three important aspects of China’s crypto sphere investors have to consider are: the prosperous local bitcoin mining industry, rapidly growing blockchain development, and the […] The post What’s happening with crypto in China? 3 things investors should consider appeared first on CryptoSlate. дальше »

2020-1-14 00:00


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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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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Китайские СМИ рассказали о пилотной программе по запуску цифрового юаня

Народный банк Китая (PBoC) готовится протестировать систему электронных платежей в цифровой валюте (DC/EP) в городах Шэньчжэнь и Сучжоу, передает китайское новостное агентство Caijing. Caijing сообщает, что в тестировании будут участвовать семь проправительственных компаний: четыре коммерческих банка и три телекоммуникационных гиганта — государственные China Mobile, China Telecom и China Unicom. дальше »

2019-12-9 12:02


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Центробанк Китая создал прототип национальной цифровой валюты

На заседании форуме China Finance 40 заместитель директора подразделения платежей и расчетов Народного банка Китая (PBoC) Му Чанчунь рассказал, что группа по исследованию криптовалюты PBoC завершила разработку блокчейн-архитектуры цифровой валюты центрального банка (CBDC). дальше »

2019-8-12 16:02


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


Экс-глава китайского центробанка назвал Libra угрозой и призвал ускорить развитие цифрового юаня

Бывший председатель Народного банка Китая (PBoC) Чжоу Сяочуань считает, что концепция глобальной цифровой валюты с возможностью обмена на фиат, которую представил Facebook, угрожает существующим трансграничным платежным системам и может ослабить позиции национальных валют. дальше »

2019-7-12 13:16


Former PBoC Governor Expects Policy Implementation in China to Counter Facebook’s Libra Coin

In an ever-continuing economic war between two of the greatest nations on the planet currently, US and China, maybe in yet another race of supremacy – this time in blockchain technology and cryptocurrencies – the former governor of the People’s Bank of China, Xiaochuan Zhou, states in a recent interview. In the past month, several […] дальше »

2019-7-11 18:23


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China and India Are not Comfortable with Libra, Need More Information and Clarity

China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019. дальше »

2019-7-10 11:00


Народный банк Китая ускорит создание собственной криптовалюты в преддверии запуска Libra

Криптовалютная инициатива Facebook может подтолкнуть Народный банк Китая (PBoC) ускорить создание собственной цифровой валюты. Об этом заявил глава исследовательского подразделения китайского центробанка Ван Синь, сообщает South China Morning Post. дальше »

2019-7-9 15:08