BNP Paribas will support the use of the digital yuan by its corporate clients, through a joint effort with the People's Bank of China.
According to the local newspaper South China Morning Post, BNP Paribas China has partnered with the Asian country's bank so that customers can "connect with the BOC…
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People’s Bank of China
China’s digital yuan transactions top 100 million
China's digital currency (CBDC), issued by the People's Bank of the Asian country, has already penetrated 15 provinces, resulting in more than 369 million payments with this new financial instrument.
The PBOC recently issued a report,…
China will take its digital asset pilot to other provinces
The People's Bank of China recently announced that it will expand the digital currency pilot program to four other provinces in the Asian nation.
Information published by local media indicated that the deputy governor of the financial…
Bitcoin increases pressure on central banks
As cryptocurrencies like bitcoin increase in value, hand in hand with increasing use, the pressure on central banks grows even more.
If the most popular digital asset in the world is taken into consideration, it is observed how it has…
China gives 10 million digital yuan as a gift to boost its usage
The government of Shenzhen (China), together with the People's Bank of China awarded some 10 million digital yuan to 50,000 people as a prize.
A total of two million people applied to be part of this pilot program, which already has its…
China seeks to accelerate blockchain adoption
This week was carried out the first meeting of the year for the Financial Technology Committee of the People's Bank of China, where the vice governor called for the adoption of blockchain technology to be accelerated.
Fan Yifei thus held a…
China obtains USD 4.7 million to finance blockchain platform
The People's Bank of China (PBoC) has obtained USD 4.7 million for its blockchain trade transaction financing platform and according to information disseminated in local media the financing, that will be administered for three years, has…
People’s Bank of China supports banks credit capacity
The People's Bank of China (BPC), the central bank of the Asian giant, has expressed the need to persevere in the structural adjustment of the economy and improve the lending capacity of commercial banks to the real economy.
In a meeting…
People’s Bank of China works on its digital currency
Wang Xin, head of the PBoC's research office, confirmed the news at a recent event and offered details on the considerations of Facebook's initiative to boost its own digital currency.
Xin believes that when it comes to making…