People's Bank of China Archives

PBoC to onboard more provinces and cities to China’s CBDC platform

Business

Wahid Pessarlay

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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...

China trials tax and charge payments with digital yuan

Business

Wahid Pessarlay

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3 May, 2022

China trials tax and charge payments with digital yuan

The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with...

China doubles digital yuan pilots as it targets upcoming Asian Games

Business

Steve Kaaru

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12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...

China central banker urges for regulatory changes to accommodate digital yuan

Business

Steve Kaaru

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11 March, 2022

China central banker urges for regulatory changes to accommodate digital yuan

An official from Nanjing city wants the law amended to clarify the digital yuan’s position in the payment system, including...

China’s digital yuan wallet launches on app stores for 11 select cities

Business

Steve Kaaru

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6 January, 2022

China’s digital yuan wallet launches on app stores for 11 select cities

The wallet is available for users in Shenzhen, Shanghai, Chengdu, Qingdao, Suzhou and six other cities, as well as those...

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

Business

Steve Kaaru

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9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...

China urges US companies to accept digital yuan

Business

David Abel

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27 October, 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports...

What has happened in China since the latest ‘Bitcoin bans’?

Business

Jon Southurst

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30 September, 2021

What has happened in China since the latest ‘Bitcoin bans’?

The latest "Chinese Bitcoin ban" consisted of a statement from the central bank, followed by supportive edicts from several other...

Business

Jon Southurst

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24 September, 2021

China bans Bitcoin—even more this time

China's digital asset industry, which was once one of the world's largest, has been largely sidelined over the years as...

China central bank completes digital currency ‘rectification’

Business

Steve Kaaru

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9 September, 2021

China central bank completes digital currency ‘rectification’

The People’s Bank of China announced that it has completed the rectification of digital currency transactions and transferred it to...

Digital currencies not protected by law, Chinese court rules in latest blow

Business

Steve Kaaru

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27 August, 2021

Digital currencies not protected by law, Chinese court rules in latest blow

The court in Shandong, China, has ruled that investing in digital currencies is not protected by the constitution in an...

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms

Business

Ed Drake

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20 August, 2021

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms

The Shenzhen branch of the central bank published plans stating that it would bring some 11 companies into line with...

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