2019-10-29 19:41 |
Huang Qifan of the China Center for International Economic Exchanges said that China will be the leader in forming a national digital currency
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Ñîîáùåíèå China Poised to Issue Yuan-Backed Stablecoins to Elevate Global Currency Reach ïîÿâèëèñü ñíà÷àëà íà Coinstelegram.
2025-8-21 23:32 | |
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The People's Bank of China included e-CNY, the country's digital currency, in calculations of the amount of currency in circulation for the first time.
2023-1-11 18:14 | |
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China has announced a successful trial of the e-yuan which they call the Digital Currency Electronic Payments (DCEP) system. It is being called a contender to bitcoin, but there is...
2020-10-13 15:23 | |
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First reported by the South China Morning Post, the People’s Bank of China deputy governor, Fan Yi Fei, speaking at a SWIFT-organized virtual conference, Sibos 2020, stated massive progress in the digital currency and electronic payments (DC/EP) pilot projects.
2020-10-7 22:35 | |
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China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.
2020-4-15 17:18 | |
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The People’s Bank of China files for multiple patents related to digital currency
2020-2-13 07:34 | |
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The People’s Bank of China files for multiple patents related to digital currency
2020-2-13 07:34 | |
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Matthew Graham is the CEO of Sino Global Capital, a team of Beijing-based investment bankers. China sees blockchain as a key strategic technology pillar critical to the next decade of growth. As it prepares to deploy a state-issued digital currency or DCEP (Digital Currency / Electronic Payment) China has a unique opportunity to take control of its monetary system.
2020-1-8 22:55 | |
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CNBC: U.S. should “hurry up” with China digital currency response
2019-11-21 11:13 | |
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The digital currency will allow anonymity to users… but only to an extent. Analysts are predicting the government-backed crypto will be out early next year. Blockchain efforts by the People’s Bank of China have ramped up in recent weeks.
2019-11-12 11:46 | |
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China says digital currency won’t oust cash
2019-11-12 10:33 | |
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Jack Lee, the founding partner of HCM Capital, has recently affirmed that the central bank digital currency (CBDC) of China is being created and is expected to be launched in the next few months. According to a recent interview with CNBC, Lee said that the central bank of China will use the new digital currency […]
2019-11-12 03:00 | |
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Protests in Hong Kong and a trade dispute with the U.S. have put China in the eye of the economic storm. The People's Bank of China has been testing a digital currency, and this week it announced that it is ready.
2019-8-14 22:00 | |
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There have been a number of cases recently where people have flocked to bitcoin as their own economies face uncertainty. China, Britain and Venezuela are the prominent examples but now Argentina may be added to that list as their currency and stock markets crumble.
2019-8-13 14:00 | |
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In recent months, due to intensifying currency wars and rising geopolitical risks, high-profile investors in the likes of Michael Novogratz and Travis Kling have emphasized the importance of bitcoin as a potential safe-haven asset in the midst of global market turmoil.
2019-8-13 10:30 | |
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Rumors regarding various countries looking to create their own Bitcoin competitor have persisted for some time now. Until this week, there was no indication any major country would go through with those plans.
2019-8-13 04:00 | |
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Mu Changchun, deputy director of the People's Bank of China (PBoC), has stated that the group is close to finishing up and issuing its own cryptocurrency. However, unlike most blockchain-based cryptocurrencies, the PBoC’s currency is intended to give Beijing more control over its financial system.
2019-8-13 00:45 | |
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An official at China’s central bank recently revealed the central bank’s readiness to launch the country’s central bank digital currency (CBDC) according to a report by Shanghai Securities News on August 10, 2019.
2019-8-12 18:44 | |
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The People's Bank of China announced its readiness to launch its own digital currency based on the blockchain technology. But this will not lead to any changes in Beijing's monetary policy.
2019-8-12 13:20 | |
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An official at China's central bank has said the institution is nearing the launch of its national digital currency.
2019-8-12 11:45 | |
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Donald Trump is stoking the flames of a new currency war, creating a do-or-die moment for the cryptocurrency movement, writes Michael J. Casey.
2019-8-12 05:30 | |
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At the third “China Financial Forty People Yichun Forum,” held on August 10, the deputy director of the Payment and Settlement Division of the People's Bank of China, Mu Changchun said the central bank’s digital currency DC/EP is now “ready” after five years of research.
2019-8-12 03:56 | |
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The People’s Bank of China says a prototype of its digital currency has been fully developed, and it is now ready to launch
2019-8-12 21:52 | |
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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.
2019-8-12 21:42 | |
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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).
2019-8-12 16:54 | |
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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.
2019-8-11 12:33 | |
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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 […]
2019-8-9 15:48 | |
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The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U. S. and China that have escalated the trade war into a full-fledged currency war.
2019-8-8 03:00 | |
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The collapse of the renminbi to a record level since the financial crisis of 7 yuan per dollar was “caused by market factors,” the Chinese side said. Prior to this, Trump accused China of currency manipulation in order to help Chinese exporters.
2019-8-7 14:45 | |
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The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders.
2019-8-7 22:26 | |
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“We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday.
2019-8-6 21:55 | |
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The US Treasury Department on Monday designated China as a currency manipulator in a historic move that hasn’t been exercised since the Clinton administration. “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release. “As a result of this determination, Secretary […]
2019-8-6 16:10 | |
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What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […] The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.
2019-8-6 13:31 | |
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Coinspeaker Global Stock Markets Continue Crashing Down as U. S. Treasury Tags China ‘Currency Manipulator’Following China’s extreme devaluation of the Yuan, the U. S. Treasury Department has labeled China a “currency manipulator.
2019-8-6 12:26 | |
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The simmering trade tensions between the US and China have threatened to spark a full-blown currency war after Beijing lets the yuan weekend past the psychologically important point of 7 to the American dollar for the first time in over a decade.
2019-8-5 17:42 | |
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Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies.
2019-8-5 15:04 | |
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US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats.
2019-8-5 14:00 | |
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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 […]
2019-8-3 17:24 | |
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The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […] The post China’s central bank fast-tracks R&D of its legal digital currency appeared first on AMBCrypto.
2019-8-3 11:42 | |
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The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.
2019-7-26 14:10 | |
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American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets.
2019-7-26 14:02 | |
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Coinspeaker Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ CreationThe way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments.
2019-7-26 11:03 | |
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The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility.
2019-7-19 17:00 | |
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Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.
2019-7-18 15:00 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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It all started with the US launching an investigation of China’s trading policies in 2017, leading to the imposition of tit-for-tat tariffs on products by both the countries. As tensions between the two countries intensified, what many observed was an opportune moment for cryptocurrencies to replace the legacy institution.
2019-7-11 02:30 | |
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Ever Since Libra was unveiled, it has attracted the attention of several people, from analysts to the US Congress, regulators and most recently, the Asian giant, China. Reports say that China is looking to develop its own digital currency because Libra poses a massive risk to global financial and monetary systems.
2019-7-10 18:37 | |
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Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.
2019-7-9 17:00 | |
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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.
2019-7-9 10:50 | |
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The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin and tokenized asset.
Despite growing buzz around crypto, only 3% of central banks plan to hold Bitcoin reserves over the next decade, according to OMFIF’s latest survey. Bitcoin (BTC) may be gaining traction globally, but only a sliver of central banks are planning…
Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.