PBoC Archives - Page 3 of 4

Ride-Hailing Giant DiDi Chuxing to Test China’s Digital Yuan

July 8, 2020

DiDi Chuxing, a major Chinese ride-hailing platform, is going to implement a trial for China’s central bank digital currency (CBDC), the company announced on Wednesday. The ride-sharing platform has entered ...

PBoC Governor Says No Timeline Set for Digital Yuan Launch

May 26, 2020

The People’s Bank of China (PBoC) has officially clarified that there is “no timetable” is set for the launch of digital yuan. In an interview with the Financial Times and China Finance, PBoC governor Yi Gan...

PBoC Governor Says No Timeline Set for Digital Yuan Launch

May 26, 2020

The People’s Bank of China (PBoC) has officially clarified that there is “no timetable” is set for the launch of digital yuan. In an interview with the Financial Times and China Finance, PBoC governor Yi Gan...

China Launches CBDC Test Center Candidates – McDonald’s And Starbucks Included

April 24, 2020

As China strives to heal from the COVID-19 outbreak, new details have emerged about its Central Bank Digital Currency (CBDC) from the Chinese Government, including a connection to Starbucks and other western ...

China to Pilot Distribution of CBDC to State Employees

April 16, 2020

China is slowly heading towards the launch of its official central bank digital currency (DC/EP) and decided to issue it to local government employees. According to a report by local news daily China Star Ma...

China’s Central Bank Is One Step Closer To Issuing Its Digital Currency

March 26, 2020

The People’s Bank of China (PBoC), the country’s central bank, is said to have moved one step closer to issuing its national digital currency. A Global Times report on Tuesday, citing “industry insiders,” ...

Chinese Central Bank Finishes Basic Development of CBDC

March 24, 2020

The People’s Bank of China (PBoC) has completed the development of basic features of its central bank digital currency (CBDC), taking another step towards its launch. Reported by the Global Times on Tuesday,...

China Files 84 Patents For Central Bank Digital Currency

February 12, 2020

Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. According to the Financial Times, Chi...

China’s Digital Currency Progressing But Still No Launch Date

January 6, 2020

Last week, China’s central bank held its annual work conference in Beijing, during which it touched upon numerous topics, one of which is its own CBDC. As always, the report did not go into too many details, ...

China Preps For Central Bank Digital Currency, Introduces Password Law

January 2, 2020

China has officially introduced a new law covering cryptographic password management, as the country prepares to launch its central bank digital currency (CBDC). Local media is reporting that the new regulat...