Category: People’s Bank Of China

China’s central bank worried about stablecoins’ risk to financial systems

China’s central bank worried about stablecoins’ risk to financial systems

While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. 544 Total views 4 Total shares The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan […]

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Rolling up the sleeves: China’s tech giants drive digital yuan adoption

Rolling up the sleeves: China’s tech giants drive digital yuan adoption

While key central bank figures in the West like Jerome Powell and Christine Lagarde appear to be procrastinating on the subject of central bank digital currencies, China continues to make significant progress. China’s digital currency electronic payment project, or DCEP, helmed by the country’s central bank, continues to draw significant private sector participation. From tech […]

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Report: Ant Group to overhaul structure per agreement with China authorities

Report: Ant Group to overhaul structure per agreement with China authorities

Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. 2411 Total views 23 Total shares Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status. According to a Feb. 3 report by Bloomberg, Chinese […]

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