PBoC Archives - FortuneZ

Chinese Central Bank Opts For Usual CBDC Rhetoric In Bashing Bitcoin, Stablecoins

July 8, 2021

Similarly to other central banks, China’s central bank has taken another swipe at bitcoin (BTC), stablecoins and “private digital currencies” – claiming that they have inherent potential “risks that threaten ...

Beijing Sends Another Warning Over Crypto Trading

July 6, 2021

A Beijing office of China’s central bank ordered Beijing Qudao Cultural Development Co Ltd, a Beijing-based software maker, to suspend operations, and its website had been deactivated over its suspected invol...

Big-four Chinese Bank Announces Crypto Ban, Will ‘Report’ Offenders

June 21, 2021

Confusion was reigning in China after one of the country’s biggest commercial banks, the Agricultural Bank of China (ABC), said in a statement that it will crack down on crypto transactions, and will seek to ...

China Doubles Down On Crypto FUD By Recycling Old Warnings

June 21, 2021

The central People’s Bank of China (PBoC) has issued a statement announcing that it has reached an agreement with all the nation’s biggest commercial banks and one of its biggest e-payments providers to help ...

Digital Yuan Architect: ‘Imagine a CBDC on Ethereum or Diem’

May 31, 2021

One of the chief architects of the Chinese digital yuan has discussed a possibility that the central bank digital currencies (CBDCs) could operate on networks such as Ethereum (ETH) or the yet-to-be-released ...

Key Clues Emerge as to What Beijing Really Thinks About Bitcoin & Mining

May 25, 2021

Further details are emerging as to what exactly China’s current stance on crypto and crypto mining is – following days of confused reporting on Beijing’s regulatory policies. China’s last major crypto crackd...

Altcoins Take The Strongest Hit Again Amid China Crackdown News

May 21, 2021

As China is sending more negative news to the crypto market, altcoins are once again suffering the most. Bitcoin (BTC) dropped from USD 41,760 to below USD 37,000 in half an hour and continued correcting low...

Xinjiang Police Vow to Fight Crypto Fraud, Launch Public Awareness Drive

May 18, 2021

The police in the Xinjiang Uyghur Autonomous Region, China, has launched a campaign that they hope will help wipe out crypto scams. Per the Legal Daily, the police are concerned that “illegal fund-raising, o...

Hong Kong To Expand Pilots For Cross-Border Use Of Digital Yuan

May 13, 2021

The first phase of tests for use of the China's central bank digital currency (CBDC) - digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. The Digital Currency Institu...

Digital Yuan Gets a ‘Lackluster’ Welcome at Biggest Test Site

May 10, 2021

A report has concluded that China’s digital yuan has failed to impress in early large-scale pilots, drawing a “lackluster reception” from participants – a fact that could throw up “hurdles to yuan internation...