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China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto
Pboc

China’s Ethereum Mining Pool Sparkpool To Stop Offering Services Following PBOC’s Clampdown on Crypto

Sparkpool, an Hangzhou-based Ethereum mining pool in China, has suspected of providing its services to its customers in China and further plans to halt the services abroad.

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China
Pboc

Investors Flock to the DEX dYdx with its Token with Rising by 50% after the Clampdown from China

Since last Friday, the People's Bank of China began to crack down on cryptocurrency trading, a large number of Chinese traders seem to have turned their trading venues to dYdX- a decentralized leveraged trading exchange.

Bitcoin, Ethereum, Solana And Other Crypto Prices Further Plunge Following China’s Fresh Crypto Ban
Pboc

Bitcoin, Ethereum, Solana And Other Crypto Prices Further Plunge Following China’s Fresh Crypto Ban

Cryptocurrency markets have experienced other crashes on Friday amid China’s Central bank renewed ban on cryptocurrency transactions.

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
Pboc

The Central Bank of China Reiterates All Crypto-related Transactions are Illegal

The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.

MAS Shortlists 15 Firms to Help Pilot its CBDC Program
Pboc

MAS Shortlists 15 Firms to Help Pilot its CBDC Program

15 candidates have been chosen to continue vying for the role to help deploy Singapore's CBDC program

Chinese Regulators Shut Down A Domestic Software Firm Over Alleged Involvement in Illegal Crypto Trading
Pboc

Chinese Regulators Shut Down A Domestic Software Firm Over Alleged Involvement in Illegal Crypto Trading

A local Chinese software company suspected of involvement in cryptocurrency trading activities was forced to shut down by two Two financial regulators in China, including the People’s Bank of China (PBoC).

CSRC Director Yao Qian: CBDCs Can Run on Ethereum and Diem
Pboc

CSRC Director Yao Qian: CBDCs Can Run on Ethereum and Diem

China Securities Regulatory Commission Director suggests that China can utilize the BaaS infrastructure of public blockchain networks for CBDCs establishment.

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event
Pboc

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

China’s central bank is scheduled to test its digital yuan dubbed the Digital Currency Electronic Payment (DCEP) in a second red packet lottery event in Suzhou on December 12.

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism
Pboc

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Ant Group founder Jack Ma and the firm’s top executives met with PBoC and three financial regulators as China published new draft rules for online micro-lending.

PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions
Pboc

PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions

China’s digital yuan pilot testing in four of its cities has recorded a sum of nearly $300 million (two billion yuan) in transactions according to the People’s Bank of China's Head.

People's Bank of China Seeks to Prohibit the Creation of Digital Tokens
Pboc

People's Bank of China Seeks to Prohibit the Creation of Digital Tokens

The People’s Bank of China (PBOC) is calling for public opinion or feedback in line with its plans to revise its extant banking laws

China PBOC Views CBDC Race as "New Battlefied" Between Sovereign Nations
Pboc

China PBOC Views CBDC Race as "New Battlefied" Between Sovereign Nations

China through its apex bank, the People’s Bank of China (PBOC) has reiterated its desire to be the first nation to issue a Central Bank Digital Currency (CBDC)

Can Alipay and WeChat Pay Compete With China’s Fee-Free Digital Yuan?
Pboc

Can Alipay and WeChat Pay Compete With China’s Fee-Free Digital Yuan?

Will Alipay and WeChat Pay survive the People's Bank Of China's rollout of the digital yuan or DCEP?

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy
Pboc

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

A Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been recovering from COVID-19 smoothly.

China's DCEP Testing Limited to Small Retail Transactions for Now
Pboc

China's DCEP Testing Limited to Small Retail Transactions for Now

The People’s Bank of China (PBOC) has affirmed that the testing of its CBDC project is concentrated only to small scale transactions for now.