Tag: people's bank of china

Dec 13 2022

AliPay Integrates Digital Yuan for Express Payments at Its E-Commerce Websites

In a push to China's digital currency e-CNY, AliPay has integrated the Digital Yuan to facilitate express payments on all of the e-commerce websites run by the Alibaba Group Holding, including Taobao and Tmall. AliPay...

Aug 19 2022

Jamie Dimon’s Warning About Economic Projections

Jamie Dimon’s leaked comments with predictions for the global economy and geopolitics paint a bleak picture about the state of the economy at large.Watch This Episode On YouTube Or...

Mar 17 2022

Just-In: Architect of China’s CBDC Calls For More Web3 Development

Yao Qian, a key developer in China's central bank digital currency (CBDC) project, called on the Chinese government to increase the development of web3 technology. In an academic article, Qian said strengthening web3 research was important to China's future internet infrastructure. Qian had led the People's Bank of China's digital currency initiative. He then served...

Dec 01 2021

China’s Crackdown Could Expand: Central Bank Eyes The Metaverse

Gou Wenjun, director of the Anti-Money Laundering (AML) unit at the People’s Bank of China(PBoC), recently suggested that the already harsh Chinese crackdown on crypto could expand to the metaverse and NFTs, as he claims they represent various risks and more regulations should be considered. A local news portal reported Gou Wenjun words during a national financial security summit, where he...

Sep 28 2021

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Aug 17 2021

China’s Central Bank Shuts Down 11 companies Suspected of Crypto Trading

Aug 17 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

Shenzhen Center Branch of People's Bank of China, the Chinese Central Bank has announced the closure of 11 companies suspected of being involved in virtual currency trading. The Shenzhen province of the central bank issued a notification for the rectification and clean-up of the 11 companies involved. The Shenzhen branch of the Central Bank of The post China's Central Bank Shuts Down 11...

Jul 21 2021

Chinese Insurance Giant Pingan Starts Issuing Digital Yuan Settled Policies

Jul 21 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Digital Yuan (e-CNY), the Chinese soverign national digital currency is now being used as a settlement tool for insurance policies. Insurance giant PingAn Property & Casualty Shenzhen Branch teamed up with Bank of China Shenzhen to issue the first even digital yuan settled insurance policy. The policy is exclusively available for the medical staff in The post Chinese Insurance Giant Pingan Starts Issuing...

Jul 16 2021

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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...

Jun 01 2021

The Chinese Press Says Regulators Want To Cancel Bitcoin, But It’s Not Feasible

Award-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which...

May 24 2021

Are China’s Miners Relocating To Other Countries? Are They Selling Their BTC?

Bitcoin can’t catch a break. The attack continues. In China, the miners are running for their livelihood. The country pledged carbon neutrality by 2060, and they seem to think Bitcoin mining is in its way. The risks inherent to leveraged trading are also under review. This is the first time a high-ranking member of the Chinese government expresses a determination to act....

May 18 2021

Central Bank of China Bans Crypto Trading For Institutions and Businesses

May 18 2021 Published at Coingape under tags  altcoin news bitcoin ban btcbrl btcbusd btcdai

Three associates of the People's Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from...

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 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

Here’s Why The Digital Yuan Is The Opposite Of Bitcoin

The Digital Yuan is imminent. The time for Central Bank Digital Currencies is near us. Sooner than later, CBDCs will be the norm. And the Digital Yuan will break ground. Here's what this means for Bitcoin and why the two assets are directly...

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