China’s Central Bank – DIGIT INFO

Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official

DIGIT — Tue, 04 Apr 2023 03:30:09 +0000

A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to […]

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China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced

DIGIT — Fri, 16 Jul 2021 18:30:15 +0000

The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The PBOC initiated a task force dedicated to the creation of a digital yuan in 2014, and the recently published document is the project’s first white […]

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BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban

DIGIT — Thu, 04 Jan 2018 21:55:33 +0000

This week the founder and CEO of the trading platform BTCC, Bobby Lee, was featured on the broadcast ‘Squawk Box’ and spoke about last year’s banning of Chinese bitcoin exchanges. Lee believes that it’s “only a matter of time” until the central bank will allow cryptocurrency exchanges to open up shop again. Also Read: These Dutch […]

The post BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban appeared first on Bitcoin News.

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