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Bitcoin 10/12/19 08:51 by Brenda Ngari
Usurping Bitcoin: China Partners With Telecom Giants Like Huawei To Test-Launch Digital Currency In Two Major Cities
China has been actively developing a national digital currency since 2014. In August this year, the People’s Bank of China (PBoC) announced that it was developing a digital Yuan. Now, it seems the ...
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Other 09/12/19 18:00 by JP Buntinx
PBoC Officials Confirm its Digital Currency has Major Telecom Support
There are still many questions associated with China’s digital currency plans. The PBoC has now confirmed how the currency will be tested in a few cities, and will gain the support of telecom g...
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Crypto 09/12/19 10:16 by Christine Vasileva
PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground...
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Crypto 08/12/19 22:00 by JP Buntinx
PBoC Issues Financial Bonds Over its Private Blockchain
China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week,...
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Other 01/12/19 15:30 by Lubomir Tassev
‘In Small Steps’ China Cuts Benchmark Interest Rates
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently ...
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Other 28/11/19 10:30 by Lubomir Tassev
Another Bank Run Highlights China’s Brewing Financial Crisis
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaon...
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Other 27/11/19 01:00 by Thomas Delahunty
Former PBoC Governor: Digital Currency to Be Used for Retail and Remittance
Zhou Xiaochuan, former governor of the People’s Bank of China (PBoC), believes that digital currency and blockchain should continue to be a focus for China moving forward, citing the use of the ...
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