People's Bank of China


Markets

Crypto Traders Need to Pay Attention to Chinese Yuan

The PBOC's potential intervention to stem yuan volatility could accelerate gains in the dollar index and add to crypto market's woes, one observer said.

(qimono/Pixabay)

Markets

Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout

Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.

Hong Kong skyline (Ruslan Bardash/Unsplash)

Policy

China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials: Report

Hong Kong banks and merchants have been testing the use of China’s CBDC.

Hong Kong skyline (Ruslan Bardash/Unsplash)

Markets

Market Wrap: Bitcoin Slides to Two-Week Low, Ether to Below $2K as China Reiterates Crypto Ban

CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.

CoinDesk's Bitcoin Price Index.

Tech

What If Somebody Hacks the Money Pipeline Next?

The Colonial Pipeline saga illustrates what may be a vulnerability with digital currency issued by central banks.

GettyImages-1232866297

Videos

Ant Group Confirms It Is Helping China With the Digital Yuan

Jack Ma's Ant Group confirmed that it has been working on the digital yuan project with China's central bank since at least last year, providing the People's Bank of China access to its database technology and payment tools. Nik De breaks it down. Plus, the House passes the first major crypto-specific legislation aimed at breaking down barriers to innovation.

Recent Videos

Markets

China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC

In order to support the retail payment system, the central bank has to step up its own digital yuan.

People's Bank of China's headquarters in Beijing

Policy

People's Bank of China Official Says Fully Anonymous Digital Yuan ‘Not Feasible’

The central bank needs to balance privacy for users with "international consensus" on risk control, the director of the PBoC's Digital Currency Research Institute said

People's Bank of China's headquarters in Beijing

Finance

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

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

WEF

Policy

China's Central Bank, Major City to Hand Out $1.5M in Digital Yuan

A local report suggests the pilot is an indication the digital yuan is close to being launched.

Chinese red envelopes

Pageof 5