People’s Bank of China
1 storyActing as a Chinese central monetary authority, People’s Bank of China oversees digital asset policy. For People’s Bank of China, financial market oversight forms another part of the remit. People’s Bank of China addresses regulatory enforcement, while its crypto-facing responsibilities also include institutional supervision and crypto compliance framework. Specific responsibilities at People’s Bank of China include financial institution risk standards, foreign exchange regulation, cross-border payment policy, and digital currency research.
Coverage should link People’s Bank of China with financial institution risk standards. At People’s Bank of China, drafts or staff views on digital currency research are not final institutional decisions. Do not classify a proposal on cross-border payment policy here before People’s Bank of China grants formal approval.
Coverage should link People’s Bank of China with financial institution risk standards. At People’s Bank of China, drafts or staff views on digital currency research are not final institutional decisions. Do not classify a proposal on cross-border payment policy here before People’s Bank of China grants formal approval.
China's stablecoin crackdown fuels $176 billion peer network
China's ban on crypto exchanges hasn't stopped a surge in peer-to-peer stablecoin payments. Chainalysis estimates $176 billion in crypto activity over the past year as users move outside official channels and rely on wallet-to-wallet transfers.