Bitcoin
$63,889.63-1.64%
Ethereum
$3,063.31-1.17%
Binance Coin
$558.21-0.46%
Solana
$142.69-0.65%
XRP
$0.51701496+3.33%
Dogecoin
$0.15276427+0.41%
Toncoin
$6.17-4.37%
Cardano
$0.48086925+1.78%
Shiba Inu
$0.00002315+0.78%
Avalanche
$35.22-0.15%
Wrapped Bitcoin
$64,069.73-1.29%
Bitcoin Cash
$490.03+1.44%
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People's Bank of China's headquarters in Beijing
Markets
People's bank of china
China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC
In order to support the retail payment system, the central bank has to step up its own digital yuan.
People's Bank of China's headquarters in Beijing
By Tanzeel Akhtar
Mar 26, 2021 at 12:25 p.m. UTC
Mar 26, 2021
People's Bank of ChinaAliPayWeChat PayDigital YuanCoinFlash
China_cashless_payments_Shutterstock
Markets
China
What China's Cashless Revolution Can Teach the West About Crypto
China appears to have achieved the crypto community's dream of a new internet of value, without blockchain. But there's more than meets than eye here.
China_cashless_payments_Shutterstock
By Michael J. Casey
Oct 20, 2018 at 10:59 a.m. UTC
Oct 20, 2018
ChinapaymentsMerchantsBankingRegulationAsia PacificAliPayToken EconomyWeChat PayFeatures
shutterstock_776510563
Markets
China
WeChat, Alipay to Block Crypto Transactions on Payment Platforms
WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings and cryptocurrencies.
shutterstock_776510563
By Muyao Shen
Aug 24, 2018 at 7:29 p.m. UTC
Aug 24, 2018
ChinaCryptocurrencyRegulationNewsICOAliPayRegulationsPaymentWeChat Paybusiness news