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China’s BSN Aims to Reclaim Financial Data From Tech Giants
12.5.2020
Research Fellow Martin Chorzempa argued that China’s blockchain strategy is entirely focused on domestic objectives during Consensus
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
12.5.2020
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain
CoinDesk 50: How the People’s Bank of China Became a CBDC Leader
11.5.2020
China's central bank, part of CoinDesk's new 50 list, is a pioneer of central digital currencies. Now the rest of the world is racing to catch up
Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
24.4.2020
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents...
Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report
23.4.2020
The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency
Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials
20.4.2020
China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test
Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency
14.4.2020
The Agricultural Bank of China has rolled out an internal test interface for the nation's central bank digital currency, allowing whitelisted users to register and trialing certain functions
Chinese Gov’t Sets Up a Committee for Blockchain and DLT Standards
14.4.2020
China is aiming to form national standards for blockchain and DLT with help from a new technical committee
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
China Injects $4.7M into Central Bank’s Blockchain Trade Finance Platform
9.3.2020
Thirty-eight banks have started using the platform since it entered the test phase in September 2018
China’s Central Bank to Inject $4.7M into Blockchain Trade Platform
9.3.2020
China’s blockchain trade platform has facilitated $12.4 billion in transactions between 38 banks and 1,900 firms since 2018
China Adopts Security Standards for Blockchain Applications in the Financial Sector
25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
3.2.2020
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into...
Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...
Ex-PBoC Governor Urges China to Join Global Conversation on Libra
28.1.2020
A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin
China Issues Digital Currency Guide for Party Cadres
14.1.2020
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...
US and European Regulators Say Crypto a Priority This Year
12.1.2020
Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus...
ANALYSIS: The Global Game of Coins Heats Up
10.1.2020
A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee