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Tag Archives: PBOC

PBOC Moving Closer to Go Digital in 2017

Mar 31, 2017

Cindy23

The People’s Bank of China (PBOC) held a conference in Yangzhou city Thursday discussing fintech and market regulations. “Going forward, we will give our priority to go digital by build a talent pool on digital currency-related technologies. We will work to improve our work conc...

Why PBOC leads in digital currency R&D?

Mar 31, 2017

Jay

Zhou Xiaochuan, the governor of PBoC was cited at the Boao Forum, an important annual conference held in Hainan province. “If everyone is holding cash, even negative interest rates policy is not able to stimulate the economy. With the popularity of digital currency, cash usage will...

Bitcoin vs PBoC’s digital currency: Expect a dump?

Mar 3, 2017

Olusegun Ogundeji

When the PBoC’s digital currency that will conform to the existing central - commercial bank arrangement is out later this spring, it would have an impact on the use and price of Bitcoin which BTCC’s co-founder Bobby Lee recently tipped would be worth between USD$5,000 and USD$11,...

PBOC host closed-door meeting with 9 Beijing-based exchanges

Feb 9, 2017

Red Li

On 8th Feb 2017, a closed-door meeting was held in Beijing with PBOC officials and heads of 9 Beijing-based bitcoin exchanges. These 9 exchanges are Chbtc, Btctrade, Haobtc, Yunbi, Yuanbao, BTC100, Jubi, Bitbay and Dahonghuo. PBOC reiterated the regulatory requirements: ...

Recent Major Progress of China’s Blockchain indusry

Jan 27, 2017

Olusegun Ogundeji

As global efforts to bring clarity to the understanding of how the Blockchain technology works continue, Hong Kong-listed fintech company Credit China Fintech Holdings has just set up a joint venture with the Bitfury Group to promote the technology in China. The US$30 million deal...