people's bank of china

Bank of Japan Prepares For CBDC Issuance To Rival China And Others

Bank of Japan is reportedly getting ready for digital currency issuance in the private and public sectors. The move comes after rapid moves by China and some other countries around...
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Blockchain In China Is Growing As PBoC Issues Financial Sector Evaluation Rules

Ever since President Xi Jinping encouraged the private and public sectors to cooperate in the development of blockchain in China, the sector has seen massive and rapid growth. The digital...
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Deutsche Bank Envisions Post Covid-19 Economy Accelerating Digital Payments

Since the covid-19 outbreak wreaked havoc across the world’s economies, the global multinational investment bank Deutsche Bank has been encouraging the use of digital currencies. The firm’s Twitter account and...
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Central Banks Focus On Blockchain

Cryptos continue to be mistrusted by the traditional financial infrastructure despite the interest shown in the decentralized ledger technology by the central banks. The incoming Bank of England governor made...
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Could China’s Digital Yuan Eventually Dethrone The US Dollar?

China seems to be miles ahead of the US in eliminating the old-fashioned fiat paper money. Currently, the People’s Bank of China is preparing to test a digital currency dubbed...
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China Drafts Cryptography Law on Encryption Standards Preparing for CBDC

Under this law, common and core encryption is needed for systems that transmit and store state secrets.
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China’s ‘First’ Blockchain ETF Application Filed

China is known to favor blockchain while concurrently opposing cryptocurrencies. However, the industry might take another turn in 2020. According to a disclosure originating from the China Securities Regulatory Commission,...
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Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official

The head of the People’s Bank of China’s (PBOC) digital currency research subsidiary, Changchun Mu, said China’s cryptocurrency will not need a currency basket to maintain a stable value. Speaking...
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China’s Central Bank Digital Currency Undergoes “Restricted Access Test”

This article was originally published by 8btc and written by Vincent He. A dedicated team from the People’s Bank of China’s (PBoC) Digital Currency Research Lab is now developing the...
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China’s State Cryptocurrency Coming Soon, Featuring Two-Layer Structure

This article was originally published by 8btc and written by Lylian Teng. China is about to roll out its central bank digital currency (CBDC), which features a two-layer operation mechanism,...
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Blockchain/Cryptocurrency Questions and Answers

Is The Crypto Market Combating A Lehman Brothers Moment?
Is The Crypto Market Combating A Lehman Brothers Moment?
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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin18,920 0.73 % 6.85 % 5.32 %
Ethereum1,030.2 1.87 % 7.69 % 1.99 %
Tether1.002 0.16 % 0.14 % 0.12 %
USD Coin1.003 0.16 % 0.20 % 0.32 %
BNB213.14 0.86 % 3.92 % 0.67 %
Binance USD1.004 0.99 % 0.15 % 0.21 %
XRP0.3208 0.60 % 3.76 % 0.59 %
Cardano0.4469 1.23 % 4.96 % 2.70 %
Solana32.08 0.91 % 6.39 % 6.28 %
Dogecoin0.06412 1.21 % 9.34 % 3.79 %

Bitcoin (BTC) $ 18,941.23
Ethereum (ETH) $ 1,032.03
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 212.66
Binance USD (BUSD) $ 1.00
XRP (XRP) $ 0.321104
Cardano (ADA) $ 0.446738
Solana (SOL) $ 32.17
Dogecoin (DOGE) $ 0.064352