Yao Qian, digital currency research director at PBoC thinks a central bank digital currency should incorporate some features of cryptocurrency.
Months after China's government shut down domestic order book exchanges, the platforms that originally offered them are finding new ways to thrive.
China's central bank is considering its own digital currency, but it may not be built with blockchain technology, according a senior official.
The PBoC's Beijing division has reportedly issued a document requiring payment services to stop facilitating crypto trading activities.
The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.
However, regulators in China reportedly plan to withdraw preferential benefits such as tax deductions and cheap electricity available to mining firms.
The vice governor of the People's Bank of China has said that regulators took the right decision in banning ICOs and closing cryptocurrency exchanges.
China's ICO ban might not be what it seems, according to CoinDesk's Noelle Acheson. In an OpEd, she argues it's not only reasonable – but temporary.
Reports from China suggest regulators may be close to taking action against entrepreneurs seeking to launch domestic token sales.
The People's Bank of China released the official address and other details about its new cryptocurrency research institute this week.
A government official with Beijing's municipal government called for a "standard" approach to blockchain development in a speech last week.
The People’s Bank of China should continue keeping a close eye on domestic bitcoin exchanges, a senior central bank official said this week.
BTCC, one of China's 'Big Three' digital currency exchanges, is to cut fees on both sides of US dollar-based bitcoin trades.
The People's Bank of China has reportedly tested a blockchain-based digital currency along with a number of major commercial banks.
China's 'Big Three' bitcoin exchanges have taken the combined decision to drop trading fees following central bank talks.