People’s bank of china
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Blockchain News
Blockchain News

Over $12.4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report

The People’s Bank of China (PBoC) announces a spike in blockchain usage by Chinese banks. Over $12.4 billion USD transacted on the central bank’s blockchain network. In late September 2018, the central bank of China, PBoC, announced the launch of their blockchain project to improve the payment transactions across banks and financial institutions. Well, according

The People’s Bank of China (PBoC) announces a spike in blockchain usage by Chinese banks. Over $12.4 billion USD transacted on the central bank’s blockchain network. In late September 2018, the central bank of China, PBoC, announced the launch of their blockchain project to improve the payment transactions across banks and financial institutions. Well, according

bitcoin price correction
Altcoin News
bitcoin price correction
Altcoin News

“China’s New Digital Currency Similar to Libra” Says Public Bank of China Official

 A senior Central Bank Official has compared China’s proposed new digital currency to Facebook’s Libra Coin.  China’s Digital Currency To Have Similar Design As Libra Mu Changchun, deputy director of the People’s Bank of China’s payments department, recently said that China’s new digital currency would help in protecting the country’s foreign exchange sovereignty. Mu said

 A senior Central Bank Official has compared China’s proposed new digital currency to Facebook’s Libra Coin.  China’s Digital Currency To Have Similar Design As Libra Mu Changchun, deputy director of the People’s Bank of China’s payments department, recently said that China’s new digital currency would help in protecting the country’s foreign exchange sovereignty. Mu said

TEther
Stablecoin News
TEther
Stablecoin News

Tether Plans Stablecoin Backed by Chinese Yuan – Here’s Why it Could Back-Fire

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

PBOC digital currency
Regulation News
PBOC digital currency
Regulation News

PBOC Disallows Bitcoin Payments But Interested In Digital Currency

Chinese Central Bank PBoC’s governor, Zhou Xiaochuan stated that it doesn’t allow the payments made in bitcoins and other cryptocurrencies as they don’t favor speculative products. Though the bank is interested in the digital money. Also, read… Waltonchain Alibaba Cloud Partners For Smart City In China People’s Bank of China (PBoC) doesn’t allow crypto payments Over

Chinese Central Bank PBoC’s governor, Zhou Xiaochuan stated that it doesn’t allow the payments made in bitcoins and other cryptocurrencies as they don’t favor speculative products. Though the bank is interested in the digital money. Also, read… Waltonchain Alibaba Cloud Partners For Smart City In China People’s Bank of China (PBoC) doesn’t allow crypto payments Over