people’s bank of china

China’s Meituan to Allow CBDC Payments
China’s Meituan to Allow CBDC Payments
January 28, 2022  |  CBDC

China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. Get the Full Story...

READ MORE >
China to Renew Money Laundering Crackdown
China to Renew Money Laundering Crackdown
January 26, 2022  |  Regulation

After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. Get the Full Story...

READ MORE >
PBOC Puts Limits on Commercial Financing
PBOC Puts Limits on Commercial Financing
January 14, 2022  |  International

The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...

READ MORE >
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
PBOC Has Open Banking, Supervision, Regulation on 2022-2025 FinTech Agenda
January 10, 2022  |  International

On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of...

READ MORE >
Is China Ready to Police the Metaverse?
Is China Ready to Police the Metaverse?
December 01, 2021  |  Regulation

China’s ongoing crypto crackdown could soon extend into the realm of the metaverse and nonfungible tokens (NFTs).  Get the Full Story Complete the form to...

READ MORE >
Bitcoin Daily: La Haus to Take Bitcoin Payments; Mastercard Works With Asia-Based Crypto Companies on Card; Digital Yuan to Focus on Privacy; Twitter Rolls out Crypto Team; CPI Sees Gains in Bitcoin, Ether
Bitcoin Daily: La Haus to Take Bitcoin Payments; Mastercard Works With Asia-Based Crypto Companies on...
November 10, 2021  |  Bitcoin

La Haus, a property technology company based in Latin America, is now taking bitcoin for home purchases, CoinDesk reported. Get the Full Story Complete the...

READ MORE >
China Imposes More Supervision Over Payments Ecosystem
China Imposes More Supervision Over Payments Ecosystem
October 11, 2021  |  International

China’s Central Bank has penalized 1,436 banks and payment companies and levied fines totaling 1.13 billion yuan — or $176 million — since 2016, the...

READ MORE >
BIS Conference: PBoC Boss Yi Gang Warns of More FinTech Enforcement
BIS Conference: PBoC Boss Yi Gang Warns of More FinTech Enforcement
October 08, 2021  |  International

Enforcement against technology companies that engage in anti-competitive practices will remain an enforcement focus of the People’s Bank of China (PBoC), central bank governor Yi...

READ MORE >
China Declares All Cryptocurrency, Related Transactions Illegal
China Declares All Cryptocurrency, Related Transactions Illegal
September 24, 2021  |  Cryptocurrency

Cryptocurrencies and related transactions are now considered illegal in China, the country’s central bank said Friday (Sept 24) in a statement on its website. Get...

READ MORE >