Tag: pboc

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.

Dec 08 2020

Zhou Xiaochuan: The Father of the Digital Yuan

“The PBOC that is not criticized by the public will not withstand the test of history," the current head of the central bank says. Zhou Xiaochuan's legacy – the digital yuan – was sidelined, until it became necessary,.

Dec 04 2020

What Is a CBDC?

A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.

Nov 23 2020

China to Hold Second Lottery Trial of the Digital Yuan

Nov 23 2020 Published at CoinDesk under tags  china coinflash digital yuan news pboc

A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.

Nov 12 2020

How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Nov 12 2020 Published at CoinDesk under tags  china dcep global pboc policy & regulation

Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.

Oct 23 2020

BREAKING: People’s Bank of China Cracks Down on Stablecoins

Oct 23 2020 Published at CryptoTicker under tags  china crypto cryptocurrency pboc regulation

The People's Bank of China (PBoC) is asking for public feedback to review the ongoing central banking law, which intends to authorize and legalize digital yuan but ban the distribution of yuan-pegged digital tokens. The central bank issued a notice on Friday, 23 October 2020....

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