Chinese Internet Giant Tencent to Launch Digital Currency Research Team

Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.

China’s SEC May Soon Have a Crypto-Savvy Department Chief: Report

China's securities watchdog is reported to be hiring Yao Qian, the former head of the central bank's digital currency initiative, as the chief of its new tech regulation bureau.

China’s Central Bank Likely to Pilot Digital Currency in Cities of Shenzhen and Suzhou: Report

The People's Bank of China is said to be preparing to launch pilots for its digital currency in Shenzhen and Suzhou from the end of the year.

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments.

After Xi, China’s Central Bank Gives Blockchain Tech a Pump

The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.

Chinese Official Warns Libra Could Abet Illegal Cross-Border Transfers

Libra must abide by international foreign exchange regulations to not enable illegal transfers or “it should be banned,” a senior Chinese regulator said Monday.

Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption

A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.

Facebook’s Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

PBoC Denies Claims It Will Launch Digital Currency in November

China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.