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PBOC – People’s Bank of China

18 articles

China’s e-CNY push; India’s crypto tax kicks in

India’s long-awaited crypto tax comes into effect. Meanwhile, China expands the digital yuan program.

Chinese central bank shows no sign of softening stance on crypto

People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.

China’s digital yuan moves a step closer with smart-contract technology

Central bank in apparent push for adoption ahead of Olympics as it doubles up on warning over non-state cryptocurrencies.
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Hong Kong to press ahead with digital dollar, e-CNY plans

Hong Kong’s financial secretary has reiterated the city’s determination to develop digital versions of the Hong Kong dollar and the mainland Chinese yuan.

China sets out stall with digital yuan. Here comes the sales pitch

Urged on by the authorities, banks have wasted little time in putting e-CNY infrastructure in place, but now comes the hard part — getting people to use it.

Chinese central bank orders lenders to cut cryptos’ financial lifelines

The People’s Bank of China has told the country’s big banks and other finance sector heavyweights to cut off financing sources for cryptocurrency transactions.

China reveals e-CNY wallet specifications

China’s central bank has unveiled four specifications of digital wallets for the country’s state-issued digital currency, the e-CNY.

Some cryptos unfit for payment, says Chinese central bank ex-governor

A former governor of the People’s Bank of China said today that some cryptocurrencies have forfeited their opportunity to return to use as methods of payment.

Ant Group shares exclusive database tech to grow China’s CBDC | The Daily Forkast

China’s internet giant Ant Group shares its OceanBase database for the e-CNY project. More investors try out DeFi platform PancakeSwap.

How China’s DCEP digital yuan could reshape geopolitics and change the world

One year after China unveiled a digital currency via testing, its potential for displacing dollar diplomacy is becoming more understood. Is the US worried yet?

China calls crypto an ‘investment’; Crypto demand bounces back in Asia

China gives the “alternative investment” label to crypto at this year’s Boao Forum for Asia, and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in Bitcoin long orders. We’ll have more on that story — and other […]

4 central banks and BIS exploring CBDC bridge for Asia and Middle East

China, UAE, Hong Kong, Thailand and Bank for International Settlements collaborate on ‘m-CBDC Bridge’ digital currency project for cross-border payments.

Chinese tech titan Jack Ma: digital currencies may be wave of future

Poised for historic IPO, Ant Group reveals via patent filings its business strategies for China’s new DCEP digital yuan — including how it would help enforce government regulations

How close is China’s digital currency DCEP to launching?

As China’s digital currency begins large-scale testing, business giants like Didi and Meituan appear to be signing on. What does China’s central bank say?

China’s new DCEP could fast-forward the nation into a cashless society

The rest of the world may worry over the new e-RMB and what it could do to the US dollar. But inside China, will yet another digital payment system even matter? Forkast.News finds out what the laobaixing think.
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China hopes its new digital currency will internationalize the RMB. When might that day come?

China’s new DCEP — the world’s first major central bank digital currency — just piloted in 4 cities. When it is ready for mass use, could it challenge the US dollar’s hegemony in global trade and finance?

What is China’s new CBDC, and what is it not?

The central bank’s cash-like DCEP sets the stage for China’s next-gen financial infrastructure. Will it threaten the US dollar’s global supremacy? A University of Chicago Booth professor explains.

Will China’s digital currency disrupt remittances? Not so fast, says TransferWise’s CEO

The PBOC’s new token could wipe out the need for remittance services like TransferWise. But if the eurozone is any foreshadowing, uniting several countries with a single currency is a complicated endeavor.