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PBOC

People's Bank of China's headquarters in Beijing
Policy
China
China's Central Bank Is Partnering With SWIFT on a New Joint Venture
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.
People's Bank of China's headquarters in Beijing
By David Pan
Feb 3, 2021 at 9:54 p.m. UTC
Feb 3, 2021
ChinaPBOCSWIFTDigital Yuan
Zhou Xiaochuan
Markets
China
Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
Zhou Xiaochuan
By Sebastian Sinclair
Dec 14, 2020 at 9:40 a.m. UTC
Dec 14, 2020
ChinaPBOCCBDCsDigital Yuan
Osinachi
Markets
Pboc
Zhou Xiaochuan: The Father of the Digital Yuan
“The PBOC that is not criticized by the public will not withstand the test of history," the current head of the central bank says. Zhou Xiaochuan's legacy – the digital yuan –...
Osinachi
By David Pan
Dec 8, 2020 at 5:59 p.m. UTC
Dec 8, 2020
PBOCDigital YuanMost Influential 2020
yuan, china
Tech
China
China to Hold Second Lottery Trial of the Digital Yuan
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.
yuan, china
By Daniel Palmer
Nov 23, 2020 at 8:38 a.m. UTC
Nov 23, 2020
ChinaPBOCDigital YuanCoinFlash
Alipay's logo
Policy
China
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
Alipay's logo
By David Pan
Nov 12, 2020 at 3:05 p.m. UTC
Nov 12, 2020
ChinaPBOCDCEPGlobal
Yi Gang, governor of the People's Bank of China
Policy
China
PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
Yi Gang, governor of the People's Bank of China
By Sebastian Sinclair
Nov 2, 2020 at 8:23 a.m. UTC
Nov 2, 2020
ChinaPBOCCBDCsDigital Yuan
Chinese President Xi Jinping
Policy
China
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
China's president said the nation should proactively participate in setting the international framework.
Chinese President Xi Jinping
By David Pan
Oct 31, 2020 at 1:23 p.m. UTC
Oct 31, 2020
ChinaPBOCCBDCXi Jinping
China Flag
Policy
China
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
China Flag
By David Pan
Oct 23, 2020 at 2:36 p.m. UTC
Oct 23, 2020
ChinaPBOCCentral BankStablecoinDCEP
Tether (USDT) is a dollar-pegged stablecoin.
Policy
China
Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.
Tether (USDT) is a dollar-pegged stablecoin.
By Sebastian Sinclair
Oct 23, 2020 at 8:34 a.m. UTC
Oct 23, 2020
ChinaGamblingPBOCTetherCoinFlash
People's Bank of China Deputy Governor Chen Yulu
Policy
China
China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official
Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial i...
People's Bank of China Deputy Governor Chen Yulu
By Daniel Palmer
Oct 12, 2020 at 1:18 p.m. UTC
Oct 12, 2020
ChinaPBOCDigital YuanCoinFlash