Tag: people's bank of china

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...

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...

Mar 26 2021

China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Mar 26 2021 Published at Coingape under tags  alipay ant group bank of china cbdc chinese cbdc

Alipay and WeChat Pay the two dominant players in China's online payments marketplace are all set to see tough competition from the country's very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the The post China's CBDC All Set To Eat...

Feb 24 2021

China’s PBOC to Test Cross-border Digital Currency Payments With Other Central Banks

With its accelerated development on CBDC, China's Central Bank PBOC is now exploring a digital currency cross-border project in collaboration with central banks of Thailand, Hong Kong, and the United Arab Emirates. PBoC is...

Jan 28 2021

China, Singapore Look Ahead to CBDC Future at World Economic Forum

Jan 28 2021 Published at CoinDesk under tags  business cbdc cbdcs mas people's bank of china

A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.

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