pboc digital currency Archives

Chinese Shenzhen Rolls Out 10M Digital Yuan in Public Giveaway Program

The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district. Besides, it will stimulate using CBDC in consumers’ everyday lives.

Starbucks, McDonald’s, Subway Could Test China’s Central Bank Digital Currency

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By Darya Rudz Apr 23, 2020

It is expected that 19 restaurants and retail shops will take part in trials of China’s central bank digital currency in the Xiong’An district. McDonald’s, Starbucks, Subway, JD Supermarkets are said to be among them.

China’s Digital Currency Research Institute Exec Says Facebook’s Libra Can’t Be Stopped

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By Janis Rijnieks Sep 20, 2019

Recently China’s Research Institute on Digital Currencies changed its director to Changchuan Mu, who elaborates on the idea of the upcoming PBoC’s digital currency and regulation of Facebook’s Libra.

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People’s Bank of China (PBoC) Has Filed 41 Blockchain-Related Patents

By Darya Rudz Jun 27, 2018

China is continuing its way of crypto development. A digital currency research lab set up by the People’s Bank of China has submitted 41 patent applications, which means the world’s second-largest economy is planning a more prominent role in the cryptocurrency ecosystem.