China’s Central Bank Helps to Keep Cash Alive
Mobile payments in China have taken off in recent years as Ant Financial and Tencent dominate the market; in recent week China’s central bank has ...
Announcements & Releases for October 12, 2018
Money App Yolt New Milestone: Surpasses 500,000 in Customer Sign Ups PBoC Is Seeking Blockchain Talent to Help Build Its ...
Alipay and WeBank Rivalry Gets Hotter as China Looks to Increase Capital Flow to SMEs
Alipay and WeBank are set up perfectly to take advantage of new priorities from Chinese policymakers to increase the flow of capital to small ...
Tencent and Alipay Looking at $1bn Loss in Revenue Over New Rules
New rules set by China’s central bank have the potential to wipe out more than $1bn in revenue for Alipay and Tencent; third party ...
PBoC Continues Plan to Build Digital Currency with Latest Patent Filings
The Digital Currency Research Lab at the People’s Bank of China has filed more than 40 patent applications in a bid to build a ...
Clearing Partnerships Create New Payments Infrastructure in China
Last year the People’s Bank of China set out new regulations for non bank payments to be cleared through a central clearing consortium; the ...
China’s Central Bank Build Blockchain System to Replace Checks
CoinDesk reports that Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, said the department has “completed the ...
Announcements & Releases for May 10, 2018
Bitcoin Exchanges Try to Lure High-Speed Traders like Virtu and Citadel Zopa to boost regulatory clout ahead of Brexit ...
Bitcoin Miners Look to Potentially Set up Shop in other Asian Countries
Some of biggest bitcoin miners in China have reportedly been looking to set up operations in other Asian countries; there has been conflicting reports out ...
Report: PBOC Not Looking to Shut Down Bitcoin Mining
As CoinDesk reports Chinese publication Caixin said that the PBOC did not hold a meeting on shutting down mining activities; the meeting was supposed to ...