PBOC

PBOC injects entire bitcoin market cap into its system

Central Bank of China Injects Entire Bitcoin Market Cap Into Its Economy

There is no denying that the economies of the world are slowing down. However, central banks are flooding their markets with more money to prevent a complete collapse. Due to this, China has just injected the entire bitcoin market cap into its system. Banking Bailouts The People’s Bank of China is planning to pump 1.2 […]

central bank of china

“Digital Yuan Will be Different from Bitcoin” Says Central Bank of China

Central Bank of China deputy director Mr. Mu Changchun announces in his recent media interaction that Digital Yuan will be different from Bitcoin and Stablecoins. According to the South China Morning Post, China’s national digital currency would be a digital form of the Yuan. The head of the digital currency research institute at the People’s […]

central bank of china

Central Bank of China to Test Digital Currency in Shenzhen and Suzhou

The central bank of China is on schedule to test its national digital currency. The test will soon begin in the cities of Shenzhen and Suzhou. Reports also come that four state-owned commercial banks collaborate with three telecom giants in China. Why? Because the collaboration aims to find the best implementation strategies of digital currency. […]

China's official digital currency

China’s official digital currency is ready says its central bank

As much as China shows disapproval towards cryptocurrency, it is now introducing its own form of virtual currency. The People’s Bank of China (PBOC) has announced that China’s official digital currency (CBDC) “can now be said to be ready”. However, there’s no mention of just when the currency would be ready…