People’s Bank of China

China central banker urges for regulatory changes to accommodate digital yuan
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11 March, 2022

China central banker urges for regulatory changes to accommodate digital yuan

An official from Nanjing city wants the law amended to clarify the digital yuan’s position in the payment system, including...
China’s digital yuan wallet launches on app stores for 11 select cities
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6 January, 2022

China’s digital yuan wallet launches on app stores for 11 select cities

The wallet is available for users in Shenzhen, Shanghai, Chengdu, Qingdao, Suzhou and six other cities, as well as those...
PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions
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9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...
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...