News with the tag "China Central Bank"

Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The Background Of Blockchain Advocacy And The Current Crackdown Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), ha...

Standard Chartered Bank (China) has become one of the first foreign banks to participate in China’s central bank digital currency (CBDC) pilot. The bank explained that as an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospect...

On Monday, China’s central bank, the People’s Bank of China (PBOC), intervened to pull the yuan away from its 16-year low against the dollar. The PBOC established a daily midpoint guidance rate, which dictates the yuan trade range. The new rate was set at 7.2148 yuan per dollar, indicating a stronge...