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PBOC
PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them 'Alternative Investment'
The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.
China’s Digital Yuan Is No Threat to US Dollar, Says Bank of Japan Official: Report
“The dollar’s status as the key global currency won’t change so easily,” BOJ’s head of payments told Bloomberg.
Ant Group to Become Financial Holding Company as Part of Alibaba Settlement: Report
The terms of the restructuring are expected to curb the Alibaba affiliate's profitability and valuation.
China's Central Bank Is Partnering With SWIFT on a New Joint Venture
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.
Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
"We are not like libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
Zhou Xiaochuan: The Father of the Digital Yuan
“The PBOC that is not criticized by the public will not withstand the test of history," the current head of the central bank says. Zhou Xiaochuan's legacy – the digital yuan – was sidelined, until it became necessary.
China to Hold Second Lottery Trial of the Digital Yuan
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
China's president said the nation should proactively participate in setting the international framework.
