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Tag: People’s Bank Of China

The Bank of Thailand will begin testing prototype digital currency in July.

The Bank of Thailand revealed that it is working on its central bank-backed digital currency. The central bank, which also regulates financial markets...

Digital Yuan’s Backend Development Complete, Says Chinese Official

The former vice-chair of the People’s Bank of China’s Na­tional Coun­cil for So­cial Se­cu­rity Fund, Wang Zhong­min, announced that China has completed the...

The Italian Banking Association wants to trial CBDC backed by ECB.

The Italian Banking Association, which is made up of over 700 Italian banking institutions, wants to help speed up the implementation of a...

China’s DCEP: The Road to Becoming an International Reserve Currency

Through the DCEP, China will be able to open doors to overseas residents, allowing consumers and merchants to use RMB internationally....

The Bank of Thailand plans to develop a payment system for businesses using CBDC.

According to the Reuters report, the Bank of Thailand unveiled on Thursday plans to build a prototype of a payment system for businesses...

Chinese CBDC Expert Says Beijing Won’t Force StableCoin on Citizens

The crypto world continues to wait to see what China’s proposed Central Bank Digital Currency (CBDC) would be like, as unconfirmed rumors fly...

China Considering East Asia Regional Cryptocurrency to Rival Dollar and Libra

Chinese officials are reportedly planning to create an East Asia digital currency to assert more independence from the United States dollar and foster...

CBDC Arms Race: Canada Challenges Digital Dollar and Chinese DCEP

The People’s Bank of China (PBOC) has been working on the digital yuan (DCEP) for several years. Meanwhile, the new Digital...

American Express first foreign credit card player to launch in China

American Express (AmEx) has landed approval to offer bank card clearing services in China, becoming the first licensed foreign payments network to process...

Little need for a centrally managed digital currency in markets like Australia: RBA

Digital currencies are slowly shedding the reputational damage suffered in the early days of bitcoin when they were seen as the preferred...

AmEx Becomes First Foreign Firm to Clear Payments in China

American Express, a United States payments giant, has received a networking clearing license from the People’s Bank of China (PBoC) through its...

Bitcoin in the crossfire, as US-China tension heat up

With tensions mounting between the American eagle and the Chinese dragon, geo-political unrest may move the needle for Bitcoin. It feels like we’ve...

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