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People’s Bank of China

China and Hong Kong working on digital yuan cross-border payments
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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...
China to develop new CBDC test zone in Beijing
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14 November, 2020

China to develop new CBDC test zone in Beijing

The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in...
PBoC Governor gives DC/EP update
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2 November, 2020

PBoC Governor gives DC/EP update

During Hong Kong Fintech Week, People’s Bank of China (PBoC) governor Yi Gang gave several updates on the digital yuan

Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
China’s new draft law seeks to legalize digital yuan but ban competitors
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29 October, 2020

China’s new draft law seeks to legalize digital yuan but ban competitors

In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its...
China cracks down on extensive Tether-linked money laundering
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27 October, 2020

China cracks down on extensive Tether-linked money laundering

The central bank detailed a recent case in which its Huizhou City branch uncovered a cross-border online gambling operation that...
China digital yuan catering to small retail transactions
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27 August, 2020

China digital yuan catering to small retail transactions

The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
China adds 9th city to fintech regulatory sandbox
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25 July, 2020

China adds 9th city to fintech regulatory sandbox

Chengdu joins Beijing, Shanghai, Shenzhen in creating an enabling environment for blockchain, artificial intelligence, big data and more.
Digital yuan to be tested by Tencent-backed firms in China
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17 July, 2020

Digital yuan to be tested by Tencent-backed firms in China

The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across...
PBoC governor confirms ‘no timetable’ for digital yuan
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29 May, 2020

PBoC governor confirms ‘no timetable’ for digital yuan

Yi Gang, head of the Chinese central bank, said there was no date for an official launch yet for the...
China central bank to develop blockchain trade finance platform
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16 May, 2020

China central bank to develop blockchain trade finance platform

Participating banks will be able to share information on the blockchain, without the need for third party verification or intervention.
People’s Bank of China warns against blockchain investment scams
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14 May, 2020

People’s Bank of China warns against blockchain investment scams

Dubbed a “cheat sheet” for investors, the warning looks at common frauds including regular securities and pensions, virtual currencies and...