yi gang – DIGIT INFO

China’s digital yuan nears $250B transaction volume: Central bank governor

DIGIT — Thu, 20 Jul 2023 06:00:08 +0000

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

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Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

DIGIT — Wed, 02 Nov 2022 06:30:04 +0000

According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system” while the handling of personal […]

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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

DIGIT — Sun, 15 Sep 2019 22:30:02 +0000

In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why […]

The post At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows appeared first on Bitcoin News.

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China’s Position on Crypto Likely to Harden Under New PBOC Governor

DIGIT — Mon, 16 Apr 2018 22:00:57 +0000

China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending […]

The post China’s Position on Crypto Likely to Harden Under New PBOC Governor appeared first on Bitcoin News.

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China’s First Central Bank Governor in 15 Years Likes Bitcoin

DIGIT — Wed, 21 Mar 2018 15:34:13 +0000

The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China. Also read: Report Claims […]

The post China’s First Central Bank Governor in 15 Years Likes Bitcoin appeared first on Bitcoin News.

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