China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...
Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July...
A Chinese economist who once envisioned bitcoin’s “corpse” could become head of the country’s central bank. As Bloomberg News reported Monday (July 3), the elevation...
China’s state-sponsored payments association is warning against the use of generative artificial intelligence (AI) tools. The Payment & Clearing Association of China on Monday (April...
Officials from The People’s Bank of China are reportedly calling for stricter financial regulations. Writing in China Finance, a publication of the central bank, a...
Two Chinese officials have called for stronger regulation of cryptocurrency around the world. Xuan Changneng, a deputy governor at the People’s Bank of China, said...
The People’s Bank of China has reportedly enabled Android users to make offline payments using digital yuan. With a new function added to the bank’s...
Central banks around the world have diverged in the design of CBDCs. As the investigation phase of the European Central Bank’s (ECB) digital euro project...
People’s Bank of China Governor Yi Gang has reportedly said that the country’s centralized digital yuan (e-CNY) should protect privacy but should not be as...