China has reportedly recruited 26 financial institutions for its digital yuan effort. According to a Tuesday (June 16) report from Reuters, the effort is part of China’s...
China will reportedly permit select banks to handle its central bank digital currency (CBDC). That’s according to a report Friday (March 20) from Reuters, which notes that...
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions. The People’s Bank of China has increased the base ratio for...
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July...
A Chinese economist who once envisioned bitcoin’s “corpse” could become head of the country’s central bank. As Bloomberg News reported Monday (July 3), the elevation...
China’s state-sponsored payments association is warning against the use of generative artificial intelligence (AI) tools. The Payment & Clearing Association of China on Monday (April...
Officials from The People’s Bank of China are reportedly calling for stricter financial regulations. Writing in China Finance, a publication of the central bank, a...