China’s regulatory stance has been getting more stringent, post the blanket ban on cryptocurrency. The Chinese government had initially unveiled a five-year plan outlining tighter regulation...
The race to launch the first CBDC is one the world is following intently. While most have their eyes fixed on China’s digital yuan pilot, a...
The People’s Bank of China (PBoC) has banned all crypto-related activities, once and for all, in its latest order. This is, perhaps, the first time the...
The Chinese government remains firm on its anti-crypto stance. In fact, at the time of writing, a Q&A on the central bank’s webpage revealed that all...
Four Chinese cities – Guangzhou, Tianjin, Yiwu, and Fuzhou, are set to become part of China’s digital currency trial. As per reports, China’s eCNY, or digital...
Even as developed nations around the world continue to advance to different stages of developing their CBDCs, China seems to be well ahead of the others....
The People’s Bank of China, in its Financial Stability Report 2021, had pointed out that its clampdown on virtual currencies was complete. Days after the release...
China’s war on crypto seems to be far from over after the People’s Bank of China decided to embark on a campaign to “promptly clean up...