Peoples Bank of China Financial News

31.01 / 07:13

CBDC regulation Peoples Bank of China Yuan boost China's Hainan to boost NFT oversight as digital yuan trial ramps

Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks.

26.09 / 12:21

regulation Bitcoin Regulation Peoples Bank of China Bitcoin Bitcoin gains legal recognition as digital currency in Shanghai China

The Shanghai Second Intermediate People's Court in China has reportedly recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value.

21.07 / 09:33

Blockchain CBDC Adoption Peoples Bank of China Yuan Digital yuan integration introduced to Chinese business air travel

As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travelers will reportedly be able to pay for flight tickets using the CBDC.

14.03 / 06:19

CBDC regulation Peoples Bank of China Yuan NOT CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair

The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being "freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC).

20.01 / 05:23

CBDC Adoption Digital Currency Smart Contracts Peoples Bank of China Yuan China’s digital yuan gets smart contract functionality alongside new use cases

China’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality alongside a series of newly unveiled use cases.

20.12 / 21:17

NFT Metaverse Peoples Bank of China Chinese companies embark on a metaverse trademark race

Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.

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