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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#People's Bank of China

The central bank of China responsible for monetary policy and financial regulation.

Central Bank Policies Support Bitcoin's $100,000 Level, Says Expert
ForkLog 5 14.12.2024

Central Bank Policies Support Bitcoin’s $100,000 Level, Says Expert

Bitcoin maintains the psychological threshold of $100,000, buoyed by investors’ high risk appetite, which is fuelled by central banks’ monetary easing. This view was expressed by Jag Kuner, head of derivatives at Bitfinex, in a conversation with The Block.
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PBOC proposes system to track cryptocurrency transactions
ForkLog 14 26.11.2021

PBOC proposes system to track cryptocurrency transactions

The director of the PBOC’s Center for Monitoring and Analysis of Anti-Money Laundering, Gou Wenjun, proposed creating a system to track cryptocurrency transactions as part of tighter regulation, local media report.
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Bitcoin slips below $42,000 as China tightens crypto-trading regulation
ForkLog 13 24.09.2021

Bitcoin slips below $42,000 as China tightens crypto-trading regulation

In the last hour, Bitcoin has fallen by more than $2,000, briefly dipping below $42,000. This move came amid reports on September 24 of renewed crackdowns on the Chinese cryptocurrency industry.
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PBoC views cryptocurrencies as a threat to the traditional financial system
ForkLog 15 24.09.2021

PBoC views cryptocurrencies as a threat to the traditional financial system

The rapid growth of cryptocurrencies and stablecoins threatens the traditional financial system, prompting the People's Bank of China (PBoC) to maintain a negative stance toward the class of digital assets. This was stated by Wen Xinxian, director of the regulator's Payments and Settlements Department.
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China's central bank warns investors that Bitcoin has no real value
ForkLog 6 27.08.2021

China’s central bank warns investors that Bitcoin has no real value

Bitcoin and other cryptocurrencies are not legal tender in the People’s Republic of China and do not have real value, said Yin Yupin, deputy head of the department safeguarding the rights and interests of consumers of financial services at the People’s Bank of China.
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PBOC continues pressure on crypto-related firms
ForkLog 7 17.08.2021

PBOC continues pressure on crypto-related firms

The Shenzhen branch of the PBOC has begun auditing the activities of firms suspected of illicit operations with digital assets. The regulator 'took swift action to restore order and make adjustments' to the operations of 11 companies.
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PBoC signals continued pressure on crypto trading
ForkLog 7 02.08.2021

PBoC signals continued pressure on crypto trading

The PBoC will continue to apply regulatory pressure on the cryptocurrency trading sector, according to the published conclusions of the central bank’s working conference on the results of the first half of 2021 and the tasks for the second half of 2021.
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PBOC rules out fully anonymous CBDCs
ForkLog 8 23.03.2021

PBOC rules out fully anonymous CBDCs

Fully anonymous national digital currencies do not align with the consensus of the world's leading central banks. Mu Changchun, director of the CBDC Institute at the People’s Bank of China (PBoC), said, The Block reports.
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PBoC and SWIFT to build a payment gateway
ForkLog 19 04.02.2021

PBoC and SWIFT to build a payment gateway

On 16 January, the international cross-border payments system SWIFT and the People's Bank of China (PBoC) registered a joint venture, Finance Gateway Information Service Limited. Based on the name, it will focus on developing a payment gateway, CoinDesk reports.
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How China’s Digital Yuan (DCEP) Put It at the Forefront of Monetary Innovation
ForkLog 13 29.10.2020

How China’s Digital Yuan (DCEP) Put It at the Forefront of Monetary Innovation

In 2020 many countries stepped up efforts to develop their own central bank digital currencies (CBDCs). According to the latest BIS report, 80% of central banks are studying the potential of national digital currencies, and half of them are already experimenting with new payment instruments.
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Opinion: DCEP built on the digital yuan is just another payments app
ForkLog 10 12.10.2020

Opinion: DCEP built on the digital yuan is just another payments app

The Shenzhen authorities' distribution of 10 million digital yuan among 50,000 residents is nothing more than a change of payment channel. The public does not realise what lies ahead when monetary policy comes under even greater control of the Chinese central bank, according to Dovey Wan, managing partner at Primitive Ventures.
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