People’s Bank of China

Users will be able to test China's Digital Yuan via Alipay

Users will be able to test China’s Digital Yuan via Alipay

Some of Alipay’s users will be able to participate in the emerging digital yuan commerce ecosystem, according to the company. This new feature is the result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. According to a report published on Monday by China Securities Journal. Ant Group’s involvement in China’s […]

Report: Another Chinese giant, Meituan Dianping, Might Test Digital Yuan

As the People’s Bank of China (PBoC) – the country’s central bank – is said to have engaged in negotiations. With a giant online food distribution network to check the digital yuan. The roll-out of China’s much-discussed central bank digital currency (CBDC) is getting one step closer. Citing “people with direct knowledge of the matter,” […]

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 Looks Forward to Implement Blockchain in Agricultural Finance Sector

China Looks Forward to Implementing Blockchain in Agricultural Finance Sector

The Government of China has released ‘Guiding Opinions on Rural Service Revitalization of Financial Services’, to encourage mass adoption of blockchain in the agricultural financial sector. The new framework has been formulated to streamline financial services in rural areas with blockchain; for improving identification, monitoring, and early warning; and reducing the farmer-specific agricultural credit risks.