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Tag Archives: pboc

PBoC: Platforms Should Have Retail Payment Option for Digital Yuan CBDC

The director of Digital Currency Research Institute of the People’s Bank of China said that online platforms have the responsibility to adhere to the regulatory requirements. On Sunday, September 3, Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, emphasized the importance of wallet providers in enabling CBDC payment options across various retail settings. Mu’s comments come as China’s central bank digital currency (CBDC), the digital yuan,...

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US Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged

CoinspeakerUS Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve's Jackson Hole symposium for any further guidance. US Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged

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China’s Top Prosecution Agency Warns NFT Users of Possible Economic Exploitation via Price Manipulation

According to Chinese prosecutors, NFT creators hide in plain view through the use of airdrops, blind boxes, limited sales, and synthesis. The Chinese government has pushed the country to digital economy adoption post-Covid-19 global pandemic. The country has significantly rolled out the digital yuan in anticipation to widen the adoption of its currency as a global reserve. The digital Yuan is expected to significantly help improve the overall liquidity of cryptocurrencies in the Asian...

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China’s Economic Data Missed Broad Expectations amid Wobbled Recovery

China’s economic outlook also affected the stocks of some of the top companies in the country. China’s economic recovery has been faced with a lot of strain in its attempt to return back to winning ways as marked by growth, however, recent data points that the economy has continued to miss broad expectations. As reported by CNBC, economic data from Reuters proved that the COVID-19 restrictions that were in place for the better part of last year had more impact than previously...

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