A dedicated team from the central bank’s Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters as a report revealed on Sep.5. China Central Bank’s Digital Currency (CBDC) has begun a "rest...
People's Bank of China (PBoC), the country's central bank, revealed that it would accelerate the pace of research and development of its fiat digital currency (DC/EP). During an August 2 video conference centering on the institute’s work focus for the second half of 2019, the PBoC...
The eighth top university in the world according to QS current rankings has submitted that cryptocurrencies have the potential to become a mainstream form of payment within the next decade. In a new research released on Monday, the authors from the Imperial College London argue that cryptocu...
China is continuing its way of cryptocurrency and blockchain technology development. The Digital Currency Research Lab at People’s Bank of China (PBoC) has filed 41 patents application over the past 12 months. Xiao Lei, a famous financial analyst indicated that all of the recent f...
On November 4, the Digital Finance Research Center of Peking University hosted the second annual "Age for China in Digital Finance" conference. Yao Qian, director of the Digital Currency Research Institute of the People's Bank of China (PBoC), attended the meeting and sai...
Caixin reports today that domestic exchanges represented by OkCoin that provide trading services between cryptocurrencies and CNY will be banned for a certain period of time. Upcoming regulations are not imposed to hurt cryptocurrencies themselves and the OTC markets. Regulatory author...
While the Tuesday missile launch by the North Korean government has been cited as a threat to regional stability, which could be a major factor that has drawn many to find succour in Bitcoin, the news that the Chinese government is considering - for a second time - the suspension of all initia...
Huang Yiping, official of the PBOC’s Monetary Policy Committee, suggests this Tuesday that it has become urgent for the Watchdog to subdivide digital financial sectors and impose corresponding regulations. “Many countries have launched regulatory sandboxes to facilitate Fintech ...
Yao Qian, author of the article, is the Director of PBOC Digital Currency Research Institute. This article represents only the author's personal academic viewpoint and shall not be regarded as that of the organization he works for. The paper is first released on latest issue of Modern ...
On April 22, Huang Yusong, deputy secretary-general of Internet Finance Research Center of the PBOC, agreed at the first China Fintech 50 Forum that Bitcoin cannot become fiat money with the lack of KYC and AML regulations. Huang explained that digital currency includes cry...
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