Bitcoin 21/06/21 15:57 by Brenda Ngari

Bitcoin Slips To $32K As China’s Central Bank Orders Banks To Block Cryptocurrency Transactions

People’s Bank of China (PBoC), the country’s central bank, has today directed local banks and payment institutions to stop providing cryptocurrency-related services such as account opening, tradi...
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Other 18/06/21 17:06 by Bernice Nyambura

China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The sta...
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Crypto 24/10/20 17:23 by Bernice Nyambura

There Won’t Be Any Stablecoin For The Digital Yuan If PBoC Implements Revised Banking Law

China’s Central Bank, the People’s Bank of China (PBoC) is looking to revise the current banking law to legalize the Digital Yuan and prohibit the development of any tokens pegged to the digital ...
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Crypto 31/07/20 02:00 by Nick Chong

As Crypto Rips Higher, the US SEC Is Warning of ICO Scams Yet Again

It’s been an explosive past few weeks for the crypto market. While much focus has been put on Bitcoin and Ethereum, altcoins have also performed extremely well, with some rallying hundreds of pe...
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Other 08/07/20 22:16 by Brenda Ngari

Ride-Hailing Startup With Over 550M Users To Conduct First Real-World Test Of China’s Digital Yuan

China’s inbound central bank digital currency will see its very first real-world test on DiDi, the ride-hailing behemoth that deemed as the Chinese version of Uber. DiDi will trial digital yuan as ...
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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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