People’s Bank of China

China Overhauls Digital Yuan: E-CNY to Earn Interest and Align with Bank Deposits

July 24, 2026December 29, 2025 by Vaibhavv Ali

The People’s Bank of China (PBOC) has announced a major strategic shift for its central bank digital currency (CBDC), transitioning the digital yuan (e-CNY) from mere digital cash to a “digital deposit currency.” Starting January 1, 2026, commercial banks will begin paying interest on digital yuan holdings, a move intended to spark mass adoption after … Read more

China Intensifies Cryptocurrency and Stablecoin Crackdown

July 24, 2026December 1, 2025 by Vaibhavv Ali

On November 28, 2025, the People’s Bank of China (PBOC), in collaboration with over ten government departments (including the Ministry of Public Security and the Central Cyberspace Affairs Commission), held a meeting in Beijing to significantly intensify its crackdown on virtual currency trading and stablecoin activities. Key Regulatory Points: Reaffirmation of Ban: The meeting underscored … Read more