# PBOC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "PBOC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

China Steps Up Crypto Crackdown, Blocks Domestic And Overseas Issuers

China has intensified its crackdown on the cryptocurrency sector, reinforcing its ban on virtual currencies while imposing stricter oversight on offshore token issuance linked to Chinese assets. The People’s Bank of China, along with other regulators, prohibited domestic firms and their overseas affiliates from issuing cryptocurrencies abroad without approval. The move specifically targets unauthorized offshore yuan-pegged stablecoins, emphasizing that the digital yuan remains the only state-backed digital currency. While the ban on cryptocurrencies remains, the new guidelines introduce regulatory clarity for real-world asset (RWA) tokenization, signaling a milestone for the RWA sector. Authorities expressed concerns over speculative risks and reiterated that virtual currencies lack legal status equivalent to fiat money.

bitcoinist10h ago

China Steps Up Crypto Crackdown, Blocks Domestic And Overseas Issuers

bitcoinist10h ago

China Bans Unauthorised Yuan-Pegged Stablecoins Overseas

China's regulators, led by the People's Bank of China (PBOC), have prohibited the unauthorized issuance of yuan-pegged stablecoins overseas and expanded the ban to include real-world assets linked to the currency. The joint statement, issued with seven government agencies, forbids both domestic and foreign entities from issuing such stablecoins without official approval. Authorities warn that these tokens mimic monetary functions and threaten monetary sovereignty, while unregulated circulation could undermine the yuan's stability. The ban also targets services related to tokenized financial assets, such as blockchain-based bonds or equities. This move reinforces China's 2021 crypto trading ban and aligns with its strategy to suppress private digital currencies while promoting the state-backed digital yuan (e-CNY).

TheNewsCrypto15h ago

China Bans Unauthorised Yuan-Pegged Stablecoins Overseas

TheNewsCrypto15h ago

China Turns To Interest Rates To Kick-Start Digital Yuan Adoption

China will allow commercial banks to pay interest on digital yuan (e-CNY) wallet balances starting January 1, 2026, shifting the digital currency from a cash-like instrument to a deposit-like asset. The People’s Bank of China (PBOC) introduced the new framework, which brings e-CNY under deposit insurance protection and requires non-bank payment providers to hold full reserves. By November 2025, e-CNY recorded 3.48 billion transactions totaling ¥16.7 trillion ($2.37 trillion). The move may influence where consumers and businesses store funds, as interest-bearing e-CNY becomes more attractive. Banks may face higher operational costs but could benefit from reduced nonbank platform deposits. The policy also strengthens cross-border testing and regulatory oversight.

bitcoinist12/30 20:07

China Turns To Interest Rates To Kick-Start Digital Yuan Adoption

bitcoinist12/30 20:07

China to Pay Interest on Digital Yuan to Boost Adoption

China's central bank will allow interest payments on commercial bank holdings of the digital yuan (e-CNY) starting January 1, 2026, transforming it from "digital money" to a "digital deposit currency." This move aims to boost adoption by making e-CNY more attractive compared to non-interest-bearing payment options. Digital yuan holdings will receive deposit insurance protection and be subject to interest rates aligned with existing deposit pricing guidelines. Despite technical maturity, e-CNY adoption has been challenged by dominant mobile payment platforms like Alipay and WeChat Pay. Meanwhile, China is expanding the digital yuan's cross-border usage through international partnerships and has established an e-CNY International Operation Center in Shanghai. The government continues to prohibit cryptocurrency trading and mining while advancing its state-backed digital currency.

TheNewsCrypto12/29 13:28

China to Pay Interest on Digital Yuan to Boost Adoption

TheNewsCrypto12/29 13:28

China CBDC Digital Yuan To Enter New Era on Jan. 1 — Here’s What’s Changing

China's digital yuan (e-CNY) will undergo a major transformation starting January 1, 2026, transitioning from a pilot program to a fully operational central bank digital currency (CBDC). A key change is the shift from a "digital cash" model to an interest-bearing "digital deposit" system, making it the world's first CBDC to pay interest. This move, announced by the People's Bank of China (PBOC), aims to drive adoption by making the e-CNY more attractive for both retail and institutional use. The upgrade enhances the currency's infrastructure with improved security, reserve requirements, and integration into broader financial services like payroll and loans. With transaction volumes already exceeding $986 billion by mid-2024, the e-CNY is poised to strengthen China's leadership in digital currency and expand its role in domestic and global trade.

ccn.com12/29 09:42