PBOC

China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains

The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity The Beijing Arbitration Commission published an article on the legal nature of bitcoin in China …

China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains Read More »

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan. Meituan Dianping is a Bejing-based food delivery platform that currently boasts of more than 435 million active users and billions of dollars of …

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users Read More »

Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes

The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as signs of a fraudulent offering. The article, published on May 12 on Chinese social media platform QQ, consists of 16 answers to common questions that explain what are the …

Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes Read More »