China’s Central Bank Reaffirms Ban On Digital Assets – Details
The People’s Bank of China (PBOC) has reaffirmed its commitment against cryptocurrency trading after confirming a resurgence in market speculation. The Chinese apex bank is nudging several government institutions to strengthen their crackdown on business and financial activities involving virtual currencies and curb related illegal operations. Related Reading: Bitcoin Mining Back In China Despite Ban: […]
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The head of China’s central bank, the People’s bank of China (PBOC) has provided more details about the bank’s significant recent revelation. Less than a month ago, the PBOC announced that it will try to launch its own digital currency “as soon as possible.” In a wide-ranging interview with Caixin Weekly, PBOC governor Zhou XIaochuan provided more insight into the PBOC’s recent announcement of issuing its own yet-unnamed digital currency. The governor notes that China’s digital currency will be fundamentally based around central banking system principles. He opined that the central bank....
China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. As the document revealed, the digital Yuan is currently being tested after successfully […]
As China’s central bank moves forward on a national digital currency, the country’s banking industry is working to get a sense of how digital currency and blockchain technology will impact the country’s banking system and the issues that still need to be addressed, according to Leiphone.com, a platform focusing on mobile phone and smart hardware. At the first “China Financial Technology Innovation Conference” held in Beijing recently, the senior executives of major banks discussed blockchain technology, artificial intelligence and financial issues. The executives are interested better....
Most of the details regarding this project remain shrouded for the time being, although we do know the Dutch central bank has been exploring blockchain technology for quite some time now. Although distributed ledgers hold a lot of potential to increase the current day-to-day operations, there is something alluring about the aspect of issuing one’s own digital currency. More and more countries around the world are starting the concept of digital currency seriously these days. The Dutch central bank is joining this growing list, as they seem to have concrete plans to issue a new digital....
The Bahamas has unveiled key details powering its historic launch of a central bank digital currency, now slated to debut on October 20.