Peoples Bank of China News

China is on track with its central bank digital currency trial as final stages are ‘not very far away,’ says ex-PBoC governor. China is approaching the end of its multi-year digital yuan pilot as the “final stage is not very…

Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement. 

The Supreme Court of China recently revised its guidelines for cryptocurrency-related disputes, permitting the use of digital assets for debt settlement. This could indicate a change in the nation’s perspective on digital currencies. China is well-known for its stringent regulations…

China has reportedly made significant progress with the basic functions of its proposed central bank digital currency (CBDC) based on patent filings submitted by Chinese fintech giant Alipay. Beijing Inching Closer to CBDC Issuance According to the Global Times, Alipay…