cryptocurrency regulation china

PBoC Says China’s New Digital Currency Will be Better than Facebook’s Libra

China’s proposed new digital currency would be better than Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said. People Bank of China announced enthroning their new digital currency chief who claims their upcoming digital yuan has features that are...
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PBOC’s Cryptocurrency is Meant to Complement China’s Current Fiat

People’s Bank of China (PBOC) central bank digital currency (CBDC) will allegedly be backed 1:1 by renminbi fiat as well as follow a two-tiered structured system with the bank, commercial banks, and retail market participants. This week China fixed the daily midpoint rate for the yuan at levels that haven’t been seen for more than...
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China’s Digital Currency Will Be a Two-Tier​ System Replasing Cash, Says Binance

Binance has come up with a detailed research report about the new People’s Bank of China (PBoC) Central Bank Digital Currency (CBDC). The research reveals that the new currency will be a two-tiered system and is aimed at replacing cash. Binance Research, which is the analysis and data research arm at Binance, recently came out...
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