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China’s CBDC to Provide Backup for Alipay and WeChat Pay
An official of the People’s Bank of China (PBOC) stated that China’s central bank digital currency (CBDC) would act as a backup for major players in the mobile payment sector like Alibaba’s Alipay and Tencent’s WeChat Pay. дальше »
2021-3-27 07:00 | |
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Central Banks Should Develop Globally Interoperable CBDCs – China Proposes
Central Bank Digital Currencies (CBDCs) should have a set of rules applicable globally to deal with highly sensitive issues like information sharing and monitoring. This is according to a new proposal put forward by Mu Changchun, the director-general of China’s central bank, the People’s Bank of China (PBOC). дальше »
2021-3-26 23:07 | |
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PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous
Chinese officials are willing to ensure digital anonymity for the country’s central bank digital currencies (CBDCs), but only for a small class of transactions. Total Anonymity of CBDCs Impossible According to a local news outlet, an official of the People’s Bank of China (PBoC), Mu Changchun, has said that a completely anonymous digital yuan is […] The post PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous first appeared on BitcoinExchangeGuide. дальше »
2021-3-24 20:15 | |
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Digital Yuan Will Not Be Completely Anonymous Says PBoC Official
A high-level official of the People’s Bank of China (PBoC) has revealed that a completely private digital currency is not an option for the bank based on international recommendations. Digital Yuan will feature Controllable Anonymity Mu Changchun, the head of the PBoC Digitial Currency Research Institute, revealed this in a forum on Saturday. According toRead More дальше »
2021-3-23 20:00 | |
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HKMA and BOT partner with PBoC and UAE’s Central Bank to develop an m-CBDC
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand, have joined hands with UAE’s Central Bank (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBoC) in a FinTech deal. дальше »
2021-2-25 00:03 | |
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China & UAE Central Banks Join HKMA & BoT In ‘Multiple CBDC Bridge’ For Cross-Border Payments
To reduce cross-border payment's pain, the Central Bank of United Arab Emirates (CBUAE) and People's Bank of China (PBoC) have joined multiple-CBDC's projects, announced Hong-Kong Monetary Authority (HKMA) and Bank of Thailand (BoT) on 23rd February. дальше »
2021-2-25 23:36 | |
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SWIFT and China’s Central Bank, PBoC, Partner To Launch A New Digital Payments Venture
In a report first published by The Block, the clearing center and the digital currency research institute at the People’s Bank of China (PBoC) and SWIFT, the global interbank settlement firm, SWIFT, have formed a partnership to launch a new financial payment service, Finance Gateway Information Service Limited, public records show. дальше »
2021-2-4 19:27 | |
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China’s Central Bank Successfully Completes Its Largest CBDC Pilot Program In Shenzhen
The People’s Bank of China (PBoC) completed its largest digital currency electronic payment (DC/EP) test in Shenzhen. Over $3 million of the central bank’s digital currency was given away to over 100,000 residents in Shenzhen via a red envelope lottery, a WeChat post confirmed. дальше »
2021-1-20 22:00 | |
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Japan's digital yen open for more private engagement
China has been the only nation until now that has been quite confident about the release of its own digital yuan. The central bank of China, the People's Bank of China [PBoC] has been taking steps to The post Japan's digital yen open for more private engagement appeared first on AMBCrypto. дальше »
2020-12-23 18:05 | |
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Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor
Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), stated that China’s planned central bank digital currency – Digital Currency Electronic Payment (DCEP) – has no plans to topple existing sovereign currencies. дальше »
2020-12-15 13:01 | |
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Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’
China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday. дальше »
2020-12-15 00:31 | |
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Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
PBOC’s Digital Currency Institute and the HKMA are discussing the technical pilot testing of using e-CNY form making cross-border payments. дальше »
2020-12-7 00:59 | |
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PBOC Planning Technical Pilot Testing of Digital Renminbi (e-CNY) for Cross-Border Payments
The central bank of China and Hong Kong Monetary Authority is now discussing the technical pilot testing of digital renminbi for cross-border payments, said HKMA on Friday. The launch date for e-CNY hasn’t been set yet. дальше »
2020-12-5 19:54 | |
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China’s Crackdown on Crypto Rears its Head as BTC Gets “Over-Extended” & PBoC Focuses on DCEP
As China accelerates its digital yuan development, it is taking steps to tighten its control on the cryptocurrency market. In 2017, during the bull market, the reports came of China banning virtual currencies on domestic cryptocurrency exchanges but permit over-the-counter transactions. дальше »
2020-11-4 00:18 | |
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China’s Central Bank Has Transacted $300 Million In Digital Yuan So Far
The People’s Bank of China (PBoC) has processed over 4 million separate transactions — worth more than 2 billion yuan ($299. 07 million) as part of the pilot tests for its central bank digital currency (CBDC). дальше »
2020-11-3 01:08 | |
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Here's how Bitcoin reacted to the PBoC's latest draft law
A common belief that has been doing the rounds lately is that Bitcoin’s recent price behavior is a replica of its historic 2017 bull run. That's all well and good, but what most people forget is thaThe post Here's how Bitcoin reacted to the PBoC's latest draft law appeared first on AMBCrypto. дальше »
2020-11-2 23:30 | |
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China’s Digital Yuan to Complement WeChat and Alipay
Mu Changchun, head of the research institute for digital currency at the People’s Bank of China (PBoC), has revealed that the newly launched digital yuan will function in tandem, rather than in competition with established digital payment services like Alipay and WeChat. дальше »
2020-10-27 21:52 | |
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There Won’t Be Any Stablecoin For The Digital Yuan If PBoC Implements Revised Banking Law
China’s Central Bank, the People’s Bank of China (PBoC) is looking to revise the current banking law to legalize the Digital Yuan and prohibit the development of any tokens pegged to the digital Yuan in the country. дальше »
2020-10-25 18:23 | |
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China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. дальше »
2020-10-25 15:35 | |
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China Cracks Down on Illegal Gambling & Money Laundering Schemes
The People’s Bank of China (PBoC), in coordination with law enforcement, has conducted a series of arrests as part of an ongoing crackdown on illegal online gambling sites. An announcement published on the central bank’s official WeChat channel on Thursday 22 Oct. дальше »
2020-10-23 16:00 | |
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China should accelerate its efforts to launch CBDC, PBoC urges
The deputy governor of the People’s Bank of China (PBOC), Chen Yulu, called for speeding up the process of launching China’s digital currency, the e-yuan, and to make CBDC part of an “independenThe post China should accelerate its efforts to launch CBDC, PBoC urges appeared first on AMBCrypto. дальше »
2020-10-12 17:30 | |
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Власти Китая впервые проведут раздачу цифрового юаня населению
В рамках тестирования криптовалюты Народного банка 50 тыс. жителей Шэньчжэня бесплатно получат по 200 юаней, которые можно будет потратить в течение шести дней. Власти Шэньчжэня проведут пилотную программу, в рамках которой будут распределены 10 млн юаней (около $1,5 млн по текущему курсу) в рамках тестирования криптовалюты Народного банка Китая (PBoC). дальше »
2020-10-10 13:00 | |
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China to distribute $1.5 million worth of CBDC to Shenzhen residents
In collaboration with the Peoples Bank of China (PBOC), Shenzhen plans to distribute $1. 5 million worth of its Central Bank Digital Currency (CBDC) - the digital yuan. Adopting a promotion strategyThe post China to distribute $1. дальше »
2020-10-9 14:00 | |
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Народный банк Китая раскрыл новые подробности тестирования цифрового юаня
В рамках пилотных испытаний уже зарегистрировано более 113 тыс. личных и 8 тыс. корпоративных цифровых кошельков. Проект, над которым PBoC работает с 2014 года, приближается к официальному запуску. дальше »
2020-10-7 16:22 | |
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People’s Bank of China (PBoC) Testing Digital Yuan (DCEP) for Credit Card Payments
China has been aggressively developing its central bank-issued digital currency (CBDC), popularly known as digital yuan. As per the latest reports, the People's Bank of China is currently running a pilot project to test the use cases of its digital yuan for card payments, fees, credit card payments, and more. дальше »
2020-9-24 05:17 | |
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China Blacklists Crypto OTC Trading Desks With A Five-Year Banking Ban As Punishment For Illegal Acts
Bitcoin over-the-counter (OTC) traders could be facing up to a five-year ban on their banking accounts in China, local reports state. The central bank, People’s Bank of China (PBoC), is heavily cracking down on money laundering activities and is blacklisting several OTC trading desks dealing in cryptocurrencies. дальше »
2020-9-24 22:55 | |
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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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