people’s bank of china Archive

Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space.

The central bank says strong interest in its CBDC project is partly being driven by Bitcoin’s recent surge, despite cryptocurrency still being banned in China.

Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.

The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.

The past two years were much harder on the dollar, however.

A former PBoC official says that his country has taken a cautious approach with the digital yuan.

Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might …

The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the U.S. falling behind in crypto.

Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon.

China’s digital yuan pilot program is picking up speed.

Central bank digital currencies will fundamentally change our conceptions of money and its uses.

Details regarding the digital yuan’s characteristics are taking shape.