Latest News Of People's Bank of China Tag

China central bank warns of ‘declining relevance’ for cash in digital payments boom

Business 4 January 2019

China central bank warns of ‘declining relevance’ for cash in digital payments boom

The central bank of China has warned of the declining relevance of cash, amidst a surge in the adoption of digital payment systems.

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China to begin regulating airdrops

Business 6 November 2018

China to begin regulating airdrops

The country’s central bank, the People’s Bank of China (PBoC), is going to start taking a harder look at airdrops, which the bank describes as being nothing more than initial coin offerings (ICO) in disguise.

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China’s central bank warns public (again) against cryptos, ICOs

Business 19 September 2018

China’s central bank warns public (again) against cryptos, ICOs

the People’s Bank of China (PBoC) has issued yet another notice to remind everyone in the country against investing in cryptocurrencies and initial coin offerings (ICOs) amid reports that domestic crypto activities have been flourishing recently.

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PBoC seeks patent for digital wallet for tracking crypto transactions

Tech 28 June 2018

PBoC seeks patent for digital wallet for tracking crypto transactions

The patent, submitted to China's State Intellectual Property Office (SIPO), describes a digital wallet that offers multi-signature security, managing encrypted digital assets with private keys.

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China central bank finishes blockchain system to replace paper checks

Tech 6 June 2018

China central bank finishes blockchain system to replace paper checks

People’s Bank of China has announced that they have finished the development of a blockchain system that would digitize checks through smart contracts.

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Freedom for crypto? China opens payments market to foreigners

Business 26 March 2018

Freedom for crypto? China opens payments market to foreigners

The People’s Bank of China has decided to open the Chinese market to foreign investors, a development that could also boost the domestic cryptocurrency market.

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China to make fintech checks a regular thing, and educate the public on investment risks

Business 12 February 2018

China to make fintech checks a regular thing, and educate the public on investment risks

As China goes full-force in purging out cryptocurrencies, NIFA aims to make sure they stay out.

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China extends ‘great firewall’ to block crypto websites

Business 6 February 2018

China extends ‘great firewall’ to block crypto websites

The long tradition of blocking unwanted foreign websites using the so-called Great Firewall of China has found a new target: cryptocurrency websites.​

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China to curb overseas cryptocurrency trading

Business 6 February 2018

China to curb overseas cryptocurrency trading

ICO platforms are breeding grounds for illegal offerings, fraud, false information and pyramid schemes, says China's central bank.

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China plans energy restrictions for Bitcoin miners

Tech 5 January 2018

China plans energy restrictions for Bitcoin miners

China are reportedly planning to throttle power supplies to bitcoin miners, a move that sent shockwaves through Chinese cryptocurrency miners.

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BTC trading crackdown prompts Chinese exchanges to reinvent

Business 6 November 2017

BTC trading crackdown prompts Chinese exchanges to reinvent

November marks the end of an era in China: BTC trading on domestic exchanges is now banned in the country.

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