China to develop new CBDC test zone in Beijing
The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in Beijing.
Latest People's Bank of China News
PBoC Governor gives DC/EP update
Peoples Bank of China governor Yi Gang gave several announcements regarding the DC/EP at Hong Kong Fintech week–Yi Gang's reports indicate progress.
Shenzhen pilot program highlights potential for digital yuan
The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the People's Bank of China.
China’s new draft law seeks to legalize digital yuan but ban competitors
In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its central bank digital currency.
China cracks down on extensive Tether-linked money laundering
The central bank detailed a recent case in which its Huizhou City branch uncovered a cross-border online gambling operation that relied on USDT for funds transfer.
China digital yuan catering to small retail transactions
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
China adds 9th city to fintech regulatory sandbox
Chengdu joins Beijing, Shanghai, Shenzhen in creating an enabling environment for blockchain, artificial intelligence, big data and more.
Digital yuan to be tested by Tencent-backed firms in China
The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across its platform.
PBoC governor confirms ‘no timetable’ for digital yuan
Yi Gang, head of the Chinese central bank, said there was no date for an official launch yet for the digital yuan project.
China central bank to develop blockchain trade finance platform
Participating banks will be able to share information on the blockchain, without the need for third party verification or intervention.
People’s Bank of China warns against blockchain investment scams
Dubbed a “cheat sheet” for investors, the warning looks at common frauds including regular securities and pensions, virtual currencies and blockchain.
McDonald’s and Starbucks join China’s digital yuan trial: report
The pair joins 19 retail shops and restaurants in signing up for the digital yuan trial, which will take place in Xiong'An, China.