People's Bank of China

People's Bank of China

Policy

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.

Chinese red envelopes

Policy

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.

yuan bundles

Policy

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.

People's Bank of China's headquarters in Beijing

Tech

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.

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Policy

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.

Chinese legislators heard a proposal for a pan-Asian digital currency Thursday during the Two Sessions, the largest political gathering of the year. (Credit: Shutterstock)

Policy

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.

GETTING SERIOUS: “The People’s Bank of China (PBoC) will undoubtedly further its research and development of the national digital currency,” according to a summary of an annual meeting. (Credit: Shutterstock)

Policy

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.

Signage for the 50th Annual Meeting of the World Economic Forum. (Photo by Aaron Stanely for CoinDesk)

Markets

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.

pboc

Markets

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.

yuan, china

Markets

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.

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