Tag: pboc

Sep 28 2021

Sep 24 2021

Jun 11 2021

Central Bank of Nigeria (CBN) Plans For a CBDC Launch By the End of 2021

On Thursday, June 10, the Central Bank of Nigeria (CBN) announced that it preparing for the launch of the central bank digital currency (CBDC) aka Digital Naira and that should happen before the end of 2021. Rukayat Mohammed, the Director...

Jun 05 2021

Why G7 Nations Are Raising Strong Concerns for China’s New Digital Yuan Plan?

Finance Ministers of the G7 economies have kicked off the 2-day meeting in London on Friday, June 4. This is the first face-to-face meeting after the G20 meeting in February 2020 n Saudi Arabia. The top things on agenda have been deciding the rules for the working of digital currencies issued by central banks and The post Why G7 Nations Are Raising Strong...

Jun 02 2021

China Plans A $6.2 Billion Digital Currency Lottery for Beijing Residents

After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of...

May 19 2021

BTC Slips to $40,000, After Elon Musk, Chinese Central Bank Puts Pressure on Bitcoin

May 19 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

It's a double whammy for Bitcoin (BTC) investors this week. After Elon Musk single-handedly...

May 10 2021

Alibaba’s Ant Group to Allow Online Bank MYBank Test China’s CBDC Digital Yuan

Alibaba's Ant Group, the official partner of China's PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China's online-only bank MYbank, wherein Ant...

May 06 2021

MasterCard In Talks With China’s Central Bank to Support Global “Digital Yuan” Transactions

After enough internal testing locally, the Chinese central bank - The People's Bank of China (PBoC) - is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the...

May 03 2021

The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case

Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this,...

Apr 27 2021

China’s E-commerce Giant JD.com Starts Paying Employee Salaries in Digital Yuan

Apr 27 2021 Published at Coingape under tags  digital yuan jd.com news pboc regulation news

Some of the top Chinese conglomerates have already joined hands with the People's Bank of China (PBoC) in testing the country's own CBDC, Digital Yuan. As per the latest CNBC...

Apr 26 2021

Are China’s Banks Using the CDBC to Wrest Data Control from AliPay & WeChat?

6 of China's largest banks are promiting the use of the e-CNY in an online shopping festival on May 6th.

Apr 19 2021

PBOC, Federal Reserve Officials Provide Optimistic Commentary On Bitcoin

Recent comments from officials at two of the world’s largest central banks indicate growing acceptance that bitcoin is the future.Last week, spokespeople from two of the world’s largest and most significant central banks, Robert Kaplan of the Federal Reserve and Lo Bi of the People’s Bank of China (PBOC), provided insight into their views on Bitcoin and how the central banks currently...

Apr 08 2021

Amid Inflation Crisis, Turkey Plans to Issue Its CBDC Digital Lira In Two Years

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China's CBDC move, Turkey is all set to launch its...

Apr 02 2021

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

Apr 02 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

People Bank of China, the Chinese Central Bank believes the rising price of...

Mar 27 2021

Japan’s Central Bank to Start CBDC Feasibility Tests Next Month Onwards

As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC - Digital Yen...

Feb 03 2021

China’s Central Bank Is Partnering With SWIFT on a New Joint Venture

Feb 03 2021 Published at CoinDesk under tags  china digital yuan news pboc policy & regulation

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.

Jan 21 2021

What Does The Digital Yuan Mean For Bitcoin?

Jan 21 2021 Published at Bitcoin Magazine under tags  banking china digital yuan pboc

The Chinese government hasn’t been too kind to cryptocurrencies in the past years. First, initial coin offerings (ICO) were banned in China in September 2017. Then, following the crackdown on ICOs, exchange...

Dec 14 2020

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Dec 14 2020 Published at Coingape under tags  btcbrl btcbusd btceur btcjpy btcngn

China's growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China's national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance The post "We Don't Have Ambitions to Replace...

Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies

Dec 14 2020 Published at CoinDesk under tags  cbdcs china digital yuan news pboc

"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

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