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Tag Archives: PBOC

The Potential Impact of Increased Chinese CPI on Cryptocurrency

Jun 10, 2022

The Chinese government has released its latest inflation data, revealing the Consumer Price Index (CPI) statistics for May 2022. The CPI which is measured in relative terms reveals a year-on-year increase of 2.1 percent. This shows that compared to the past year, the relative prices pa...

China Targets Crypto-related Money Laundering Next

Sep 14, 2021

One of the biggest news in the cryptocurrency industry in 2021 was the clampdown by China on the novel technology and the innovations surrounding it. While the Asian giant continuously reiterated its support for blockchain technology, the other half of the innovation, cryptocurrency, was highly ...

AliPay Launches Digital Yuan Model For Select Users

May 12, 2021

According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...