PBoC’s Digital Currency Chief Departs to Lead Securities Clearing House

The former architect of China’s central bank digital currency (CBDC) initiative has left the position to head the country’s central securities clearing house. Yao Qian, who founded the Digital Currency Research Lab at the People’s Bank of China (PBoC) last year, has now taken up the role of general manager at the China Securities Depository […]

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PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

The People’s Bank of China (PBoC) is looking to recruit blockchain tech and legal experts as it continues development of its central bank digital currency. According to various employment ads posted on Tuesday, the central bank is currently hiring four engineers with expertise on system architecture, chip design, blockchain development and application, cryptography and security protocol […]

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PBoC Digital Currency Director Says Blockchains Need Centralization

Join our community of 10 000 traders on Hacked.com for just $39 per month. China’s digital currency director said that excessive decentralization is a fatal flaw that spells doom for Bitcoin, Ethereum, and many other public blockchains. Writing in an op-ed published by Chinese-language business news outlet Yicai, Yao Qian — who leads the People’s […]

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PBoC Official Pushes for Centralized State Digital Currency

China’s central bank is considering its own digital currency, but it may not be built with blockchain technology, according a senior official. In an op-ed article published by Chinese media outlet Yicai, Fan Yifei, vice governor of the People’s Bank of China (PBoC), outlined the bank’s early direction on a central bank digital currency (CBDC). […]

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