China's securities regulator to hire former central bank digital currency head

The China Securities Regulatory Commission (CSRC) may soon appoint former People’s Bank of China (PBOC)’s digital currency research head to helm a new department it is forming.  According to a report by Chinese financial news site Caijing, the CSRC is setting up a new technology regulation division with the aim to deploy some latest technologies, […]
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Dec 11, 2019, 4:57PM UTC

Report: China's central bank to test digital currency in two cities, partnering with state-backed commercial banks and telecom giants

The People’s Bank of China (PBOC), the country’s central bank, will soon test its much-anticipated digital currency electronic payment (DC/EP) in the cities of Shenzhen and Suzhou, according to a report from Chinese financial news outlet Caijing. According to the report, PBOC has partnered with seven state-owned companies to roll out the test. including four […]
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Dec 9, 2019, 5:35AM UTC