China central bank completes digital currency ‘rectification’
The People’s Bank of China announced that it has completed the rectification of digital currency transactions and transferred it to routine supervision.
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Digital currencies not protected by law, Chinese court rules in latest blow
The court in Shandong, China, has ruled that investing in digital currencies is not protected by the constitution in an appeal ruling that saw a man lose $10,000.
People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
The Shenzhen branch of the central bank published plans stating that it would bring some 11 companies into line with regulation, according to reports.
People’s Bank of China ramps up digital currency crackdown
Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies' services.
BTC hashrate and price drop as Chinese mining operations shut down
The BTC token price—and more importantly, the network's hash rate—has continued to plummet following a series of Chinese government actions.
China central bank orders banks to cut off all digital currency OTC merchants
China’s central bank has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital currency trading merchants.
China self-regulatory associations ban banks from digital currency transactions
The three groups believe that digital currencies are disrupting China’s economic order and urged traders to be cautious when investing in digital currencies, which “are not real currencies.”
China’s retail giant JD.com pays employees with digital yuan
JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with the digital currency.
People’s Bank of China: Bitcoin is an investment option, not a currency
Li Bo, the deputy PBoC governor, said the apex bank is satisfied with the current digital currency regulations in China, but would seek to enforce even stricter rules for stablecoins.
Digital yuan pilot moves to southern Hainan province
In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the Sansha city municipal government.
China’s digital yuan will be private but not anonymous: CBDC lead
The controllable anonymity will protect the central bank digital currency against criminal use and ensure the bank can track all payments the users make, according to a central bank official.
China joins Hong Kong and Thailand in CBDC research project
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.