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People’s Bank of China

China urges US companies to accept digital yuan
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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...
What has happened in China since the latest ‘Bitcoin bans’?
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30 September, 2021

What has happened in China since the latest ‘Bitcoin bans’?

The latest "Chinese Bitcoin ban" consisted of a statement from the central bank, followed by supportive edicts from several other...
China bans Bitcoin—even more this time
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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...
China central bank completes digital currency ‘rectification’
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9 September, 2021

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...
Digital currencies not protected by law, Chinese court rules in latest blow
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27 August, 2021

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...
People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
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20 August, 2021

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...
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