People's Bank of China

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.

Markets  ·  21 June 2021

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.

Tech  ·  13 May 2021
CoinFlash

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.

News  ·  26 March 2021
CoinFlash

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

Policy & regulation  ·  22 March 2021
CBDC

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.

Business  ·  28 January 2021
CoinFlash

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.

Policy & regulation  ·  9 October 2020
CoinFlash

JD.com to Build Apps for China’s Digital Yuan Project: Report

The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.

Policy & regulation  ·  22 September 2020
China

PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale

The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency.

Policy & regulation  ·  24 August 2020
China

China to Launch Major Expansion of Digital Currency Trials

China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong.

Tech  ·  14 August 2020
China

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.

Policy & regulation  ·  21 May 2020
China

China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says

The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.

Policy & regulation  ·  6 April 2020
CBDCs

CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway

Get your Fourth Industrial Revolution hardhats on. CoinDesk is at Davos to help you ponder the slew of problems ailing today’s global economy.

Policy & regulation  ·  20 January 2020
CBDC

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

News  ·  23 December 2019
China

China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’

China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.

Policy & regulation  ·  12 November 2019
Binance

China’s Digital Currency Will Be Two-Tiered, Replace Cash: Binance

Binance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking.

Markets  ·  29 August 2019