China Turns To Interest Rates To Kick-Start Digital Yuan Adoption
According to reports, China will let commercial banks pay interest on balances held in digital yuan wallets starting January first, ...
Tag: PBOC
China’s Central Bank Reaffirms Ban On Digital Assets – Details
The People’s Bank of China (PBOC) has reaffirmed its commitment against cryptocurrency trading after confirming a resurgence in market speculation. ...
Chinese Central Bank Warns Of Crypto Loopholes In Global Regulation
China’s central bank escalated its warning on stablecoins and reiterated a hard line against domestic crypto activity on Monday, with ...
Yuan-Pegged Stablecoins On The Horizon As Beijing Rethinks Policy
Beijing is weighing a plan that could let yuan-backed stablecoins be used more widely outside China. The move would be ...
China’s PBOC Injects $22 Billion As M2 Surges — A Tailwind For Crypto Markets?
In an interesting development, China has now injected RMB 161.2 billion ($22.4 billion) into its economy in a move that ...
PBOC Report Highlights Crypto Oversight, Hong Kong Takes the Lead with Licensing Initiatives
The People’s Bank of China (PBOC) digital currency cryptocurrency regulation's importance in its recently published 2024 Financial Stability Report. This reiteration ...
Bitcoin To $90,000 In 2 Months If It Mirrors This Trend?
Bitcoin is back to red at press time, looking at the performance in the daily chart. After the close of ...
Bitcoin Price Could Surge Following Chinese Economic Stimulus: Here’s Why
Bitcoin (BTC) could benefit from the People’s Bank of China’s (PBOC) decision to cut the reserve requirement ratio (RRR) by ...
