Crypto Trading Isn’t Protected by Law, Shandong Province High Court Says

The ruling contradicts that of a court in Shanghai last week.

News  ·  23 August 2021

35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report

Another 94 banks plan to access the CBDC via a clearing platform.

News  ·  20 August 2021

Shenzhen PBoC Launches Crypto Trading ‘Clean-Up’: Report

China's central bank vowed earlier in August to keep high pressure on crypto trading.

News  ·  17 August 2021

Honor Releases First Snapdragon Smartphone With Digital Yuan Wallet

The PBoC has been pushing for hardware applications of the digital yuan.

News  ·  13 August 2021

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.

News  ·  2 August 2021

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.

News  ·  16 July 2021

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.

News  ·  8 July 2021

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.

Markets  ·  6 July 2021

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.

Policy & regulation  ·  22 June 2021

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.

Policy & regulation  ·  21 June 2021

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.

Tech  ·  31 May 2021

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

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

Policy & regulation  ·  20 May 2021

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.

News  ·  26 April 2021

PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them ‘Alternative Investment’

The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.

News  ·  19 April 2021

China’s Digital Yuan Is No Threat to US Dollar, Says Bank of Japan Official: Report

“The dollar’s status as the key global currency won’t change so easily,” BOJ’s head of payments told Bloomberg.

Policy & regulation  ·  16 April 2021