David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.
PBoC Denies Claims It Will Launch Digital Currency in November
China’s central bank has played down reports that it will issue its digital yuan in November through major banks and companies.
New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features
The PBoC’s new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra.
China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto
China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.
China’s Central Bank ‘Close’ to Launching Official Digital Currency
An official at China’s central bank has said the institution is nearing the launch of its national digital currency.
China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief
China should revamp its plan for a national digital currency in the face of Facebook’s Libra cryptocurrency, says the central bank’s former head.
Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official
China’s central bank could hasten development of its digital yuan to counter the threat posed by Facebook’s Libra cryptocurrency, an official says.
PBoC’s Fintech Research Institute Is Hiring Blockchain Experts
A research institute under the Chinese central bank has just announced 29 job openings – three of which focus on blockchain-related expertise.
Security Token Offerings ‘Illegal,’ Says Beijing Financial Watchdog
The head of Beijing’s Municipal Bureau of Finance has warned that security token offerings (STOs) are “illegal” in the city.
PBoC Looks to Tackle Airdrop Tokens Market in New Clampdown
The People’s Bank of China, the country’s central bank, is looking to clamp down on airdrops – free distributions of crypto tokens.
PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House
The former chief of China’s central bank digital currency initiative has left the role to lead the country’s central securities clearing house.
PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto
China’s central bank is looking to recruit blockchain tech and legal experts as it continues development of a yuan-based digital currency.
PBoC Mouthpiece Voices Support for Yuan-Pegged Crypto Stablecoins
A researcher from the People’s Bank of China voices support for yuan-pegged stablecoins in an op-ed published by a mouthpiece of the central bank.
PBoC’s Digital Currency Lab Launches New Research Center Outside of Beijing
The Digital Currency Research Lab within China’s central bank is expanding to Nanjing to enable wider deployment of blockchain and other fintech.
PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase
A blockchain trade finance platform spearheaded by the People’s Bank of China has entered the testing phase ahead of an official roll-out.
Chinese Regulators Blast Crypto Fundraising in New Joint Warning
Six regulatory agencies in China have issued a warning against illegal fund raising and trading activities related to blockchain and cryptocurrency.
PBoC Will ‘Crush’ Foreign ICOs Targeting Chinese Investors: Official
Pan Gongsheng, a vice governor of the People’s Bank of China, has once more issued strong statements on initial coin offerings.
PBoC Filings Reveal Big Picture for Planned Digital Currency
The continuing efforts by China’s central bank to build a fully-featured digital currency product are revealed in its many patent filings.
Bitcoin, DLT and Bank Ledgers: A Central Banker’s View
The man in charge of China’s quest to research and deploy distributed ledgers outlines his view on the breakthroughs of bitcoin and potential of DLT.
China Has Built a Blockchain System That Could Replace Paper Checks
China’s central bank has completed a blockchain-based system that digitizes checks in a move to counter fraud in the country.