Tag: PBoC

PBoC Officials Confirm its Digital Currency has Major Telecom Support

There are still many questions associated with China’s digital currency plans. The PBoC has now confirmed how the currency will be tested in a few cities, and will gain the support of telecom giants. The to-be issued central bank currency in China will go through rigorous testing first and foremost. PBoC Announces Digital Currency Test Although very few details are known about it at this time, it seems more information …
[Read More]

PBoC Issues Financial Bonds Over its Private Blockchain

China remains a very mysterious nation in many different ways. The country is keen on blockchain technology, and the People’s Bank of China is taking things one step further. Earlier this week, the PBoC began issuing financial bonds over the blockchain to small businesses. China’s Blockchain Venture Continues These bonds will serve as SMB loans, adding up to roughly $2.75bn in total.  These bonds are not issued on a public …
[Read More]

PBoC Continues Its Crackdown on Cryptocurrencies in Aggressive Fashion

China remains a very interesting place when it comes to cryptocurrencies. Although the People’s Bank of China has made CNY-based trading impossible, the Bitcoin price hasn’t suffered too much as a result. In fact, the Bitcoin price showed some signs of life this week, even though the PBoC plans a further crackdown. PBoC Isn’t Letting Cryptocurrencies Breathe The constricting attitude by the PBoC in regards to cryptocurrencies has become very apparent over the …
[Read More]

New PBoC “Regulatory Measures Against Bitcoin” Turn out to be a Hoax

The entire cryptocurrency world got a rather surprising scare last week. Rumor had it the Chinese central bank would be introducing even more Bitcoin regulation. Some sources mentioned the government was looking to restrict access to foreign exchanges altogether. It now turns out this was a pure hoax, as someone had hacked into the central bank’s mailbox to issue a fake email. It’s a very worrisome development, as it hints not only …
[Read More]