China’s Central Bank to Inject $4.7M into Blockchain Trade Platform
China’s blockchain trade platform has facilitated $12.4 billion in transactions between 38 banks and 1,900 firms since 2018 Go to Source Powered by WPeMatico
People’s Bank of China
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China’s Digital Yuan Research Delayed Amid Coronavirus Epidemic
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan Go to Source Powered by WPeMatico
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing … Read more
Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing
Chinese party officials show interest in a manual on digital currencies as the government opens to blockchain technology Go to Source Powered by WPeMatico
Chinese Regulators Question 8 Crypto Companies in Shenzhen
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto … Read more
China: Former Central Bank Exec to Reportedly Head New Tech Regulation Division
China’s securities regulator reportedly plans to set up a tech division that will be headed by the former chief of the central bank’s digital currency initiative Go to Source Powered by WPeMatico
China’s Central Bank Uses Blockchain to Issue $2.8B Worth of Financial Bonds
China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises Go to Source Powered by WPeMatico
Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges
China seeks to reinforce the crypto trading ban Go to Source Powered by WPeMatico
Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank
Huawei has signed a strategic cooperation agreement with the People’s Bank of China’s Digital Currency Research Institute Go to Source Powered by WPeMatico
China’s Central Bank Introduces Certification System for Fintech Products
The People’s Bank of China, the country’s central bank, has introduced a new system for certifying 11 types of fintech hardware and software Go to Source Powered by WPeMatico
