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News China’s securities regulator is reportedly setting up a tech division that will be headed by the former chief of the central bank’s digital currency initiative. Yao Qian, a former director of the Digital Currency Research Institute at the People’s Bank of China (PBoC), will serve as director ..
News The adoption rate of blockchain technology in China continues to impress as the People’s Bank of China (PBoC) has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro enterprises. According to local news outlet Sina Finance in early ..
News Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China (PBoC) warned it was taking action against entities allegedly involved in trading c..
China’s President Xi Jinping has poured cold water on reports of growing crypto adoption in China by calling virtual currencies vehicles for criminal behavior. Jinping’s comments offer another example that Beijing’s growing blockchain utility will not extend towards public crypto projects. Meanwhil..
With several Chinese state actors waxing lyrical about blockchain technology, Joseph Lubin — co-founder of Ethereum, says Beijing will not adopt the more decentralized aspects of the emerging technology. Lubin who is also the ConsenSys chief opines that the country’s proposed digital currency will ..
News Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signin..
News China’s central bank, the People’s Bank of China (PBoC), will use a new system to certify 11 types of fintech hardware and software products relating to digital payments. On Oct. 29, the PBoC alongside China’s market regulator, the State Administration for Market Regulation (SAMR), j..
Use CaseEver since the vision for a Libra stablecoin was unveiled in its white paper back in June, Facebook has suffered a startling backlash from countries around the world. Some American politicians have claimed the digital currency has the potential to be more dangerous than 9/11. Lawmakers ov..
News China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market. Some stocks skyrocketing 200%According to a Reuters report on Sept. 26, stocks of China’s fintech firms have seen a notable surge this year amid investors’ anticipation of China’..
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