PBOC


Markets

PBoC Says It Will Keep High Pressure on Crypto Trading

China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.

People's Bank of China

Markets

Digital Yuan Used in $5B of Transactions, Says China's Central Bank

The PBOC also said the central bank digital currency will be compatible with smart contracts.

yuan, china

Markets

China's Central Bank 'Worried' Stablecoins Pose Risk to Financial System

Global stablecoins "may bring risks and challenges to the international monetary system," said PBOC's Fan Yifei.

People's Bank of China

Markets

Bitcoin Trims Gains as PBOC Steps Up Crypto Crackdown

Bitcoin fell from $35,100 to nearly $34,000 after the news started doing the rounds on Twitter.

People’s Bank of China

Policy

China's Anti-Crypto Crackdown Is Different This Time

Miners leaving China show the seriousness of new enforcement. But constrained trading and investment are more likely to really matter.

Screen-Shot-2021-06-22-at-3.00.01-PM

Policy

China Says Banks Must Block Crypto Transactions; Market Falls

China's central bank says institutions must not provide trading, clearing and settlement for crypto transactions.

People's Bank of China

Tech

Ex-Head of China's Digital Yuan Effort Says CBDCs Could Operate on Ethereum

Central bank digital currencies will one day be more "smart," and not merely digital versions of cash, Yao Qian said.

Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission

Policy

Beijing's Crypto Crackdown Is Not New but Don't Dismiss It

China’s reiterated crypto ban sharpens the focus on the financial sector.

China crypto crackdown 2021

Finance

Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech

The new digital yuan wallet will require users’ biometric information to enable payments.

Signage for the digital yuan

Markets

Ant Group Has Been Working With China’s Central Bank on Its CBDC Since 2017: Report

The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.

People's Bank of China

Pageof 11