PBoC Archives - Page 2 of 4

PBoC Introduces Physical Card Wallet To Test Digital Yuan

January 10, 2021

PBoC introduces physical card-wallet to test digital yuan. According to news reported on January 5 by Tencent News, employees at Shanghai Jiao Tong University School of Medicine’s Tongren Hospital used the di...

Ex PBoC Head Says China Has No Plan To Displace USD With Digital Yuan

December 14, 2020

Ex PBoC head says China has no plans to displace USD with digital yuan. President of the Chinese Finance Association and former governor of the PBoC, Zhou Xiaochuan alleges that China's digital yuan is not in...

HKMA, PBoC Initiate Talks for Digital Yuan Testing in Hong Kong

December 7, 2020

Hong Kong Monetary Authority (HKMA) has initiated talks with the People’s Bank of China’s Digital Currency Institute to test digital yuan in the autonomous administrative region, HKMA CEO, Eddie Yue revealed....

PBoC Head Says China’s Digital Yuan Pilots Processed $300M So Far

November 2, 2020

PBoC head says China's digital yuan pilots processed $300M so far. More information about the country's ongoing digital currency pilot have been issued by the governor of China's central bank. Yi Gang, gover...

Ex PBoC Governor Says Digital Yuan Will Combat US ‘Dollarization’

October 29, 2020

Ex PBoC governor says digital yuan will combat US 'dollarization'. A former senior official has shared that China’s digital currency approach will favor its domestic retail system and prevent the dollarizatio...

China’s Central Bank Drafts Law On CBDC Legitamacy

October 25, 2020

China's central bank drafts law on CBDC legitimacy. A proposed law was released on Friday by China's central bank, the People's Bank of China (PBOC), which aims to provide a regulatory structure and legitimac...

Chinese Central Bank To Give Away 10 Million Digital Currency

October 10, 2020

Chinese central bank to give away 10 million digital currency. In what some see as the country's first public test of the digital yuan payment system, China's central bank is going to issue 10 million yuan ($...

Major Chinese Bank Disables Digital Yuan Wallet Following Wide Spread Attention Soft Launch

August 29, 2020

Major Chinese bank disables digital yuan wallet following wide spread attention soft launch. Around midday local time on Saturday, users of China Construction Bank (CCB), one of the big four state-owned comme...

China’s Digital Yuan Tests Allegedly Limited To Small Retail Transactions

August 24, 2020

China's digital yuan tests allegedly limited to small retail transactions. The People's Bank of China (PBoC) has announced that their central bank's digital currency test run is only limited to small retail t...

Chinese Central Bank Onboards Over 20 Firms to Test Digital Yuan

July 27, 2020

To accelerate the rollout of the digital yuan, the People’s Bank of China (PBoC) has partnered with over 20 companies in the country to test it in the real world. The central bank first inked partnerships wi...