Latest People's Bank of China News

China urges US companies to accept digital yuan
Business 27 October 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports indicated that companies including Visa and Nike are also being urged to accept the digital currency.

China bans Bitcoin—even more this time
Business 24 September 2021

China bans Bitcoin—even more this time

China's digital asset industry, which was once one of the world's largest, has been largely sidelined over the years as restrictions became more severe. Much of the local activity has already moved overseas or stopped completely.

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