People’s Bank of China News and Articles

The volume of BTC transactions in China has fallen to a minimum, thanks to the restrictive policy of the Central Bank. The regulator made a corresponding statement in the middle of the week. Recall that the Chinese authorities began last spring to oust not only miners from the market but also...

After China decided to stop all sorts of activities related to cryptocurrencies, a "big road" opened up for the NFT market because all traders redirected their interest to trading non-fungible tokens. It would seem that the main threat that the authorities saw in digital assets is already...

China is on the list of countries that create national digital currencies (CBDC). The work on the deployment of the token slowed down during the coronavirus pandemic, but the leadership of the Middle Kingdom promised to complete it and provide a digital version of the yuan. Mu Changchun, who heads...

The government of China is taking stricter steps against the crypto sector. Authorities teamed up to ban crypto activities. On September 24, China's central bank said all crypto-related transactions are considered illegal. Foreign exchanges can't deliver services to people from China. The Central...

The People's Bank of China (PBOC) wants to pass amendments to the current central bank law, which provides for the legalization of the digital yuan but prohibits the circulation of stablecoins pegged to the national currency. On October 23, the CB issued a notice to accept public comment on the...

According to the former administrator of the Bank of China, Li Lihui, the launch of the digital version of the yuan is already inevitable. Regulated Token (CBDC) will replace cash in the future. China is currently testing the digital version of its currency. The largest companies and banks of China...

The number of participants in the Chinese Digital Currency (CBDC) launch project continues to expand. The People's Bank of China announced that a startup specializing in the development of services based on AI is going to take part in testing the digital version of the renminbi. The SenseTime team...

One of the participants in the project to launch a regulated token (CBDC) in China presented his version of the interface for operations with this asset. As the portal Coin Desk clarifies, customers of the Agricultural Bank of China will be able to use the interface in test mode....

The Ministry of Industry and Informatization of the PRC has declared a list of affiliates of its national blockchain committee, which is going to establish rules in the field. To ensure that the federal criteria set by the team were consistent with applicable laws and additionally contributed to...

The People's Bank of China has allocated ¥32.35 million ($4.7 million) to its DLT platform for trade finance. This was reported by the Global Times. Sources of the Global Times believe that 3-year funding will strengthen the security of the information exchanged and facilitate the access of small...

Financial company Huatai Securities published a report on the details of the payment system and digital currency of the Central Bank of China under development called DCEP (Digital Currency Electronic Payment). “Unlike digital currencies within a decentralized system such as bitcoin, DCEP uses a...

On Thursday, November 21, five commercial and technology specialists led by People’s Bank of China collectively issued the Bluebook of Blockchain, mentioning all criminal and deceitful systems in the sphere. Head of the nonprofit Beijing Blockchain Application Association Yedong Zhu said that...

The digital currency from the People’s Bank of China will appear in WeChat and Alipay payment systems. You can use it without the Internet. This was reported by Reuters with reference to the deputy head of the payment unit of the People’s Bank of China (ZRY) Mu Changchun. Development should...