China’s most powerful regulators have intensified a crackdown on cryptocurrencies, with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major rivals and pressuring …
Monthly Archives For September 2021
China central bank declares all crypto transactions illegal
In response to the latest move, bitcoin, the world’s largest cryptocurrency, dropped over 6% to $42,2167, having earlier been down about 1%.
The Briefing: China Bans Crypto Transactions, Cue Health Prices IPO, And More
The People’s Bank of China said the decision was aimed at preventing risks around crypto trading and maintaining national security and social stability. Cryptocurrencies fell immediately after the …
Bitcoin plummets after China intensifies cryptocurrency crackdown
China is intensifying its crackdown on cryptocurrencies. Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday …
Beijing’s list of US ‘criminal record’ in Hong Kong seen as warning city is off-limits in talks, stab at Taiwan
Foreign ministry releases detailed list of America’s alleged attempts to interfere in financial hub’s affairs, followed by sharp warning from liaison office.
Trump says China will take down trade barriers
President Trump on Sunday predicted a “great future” for both China and the U.S. amid an escalating trade dispute, saying China would take down its trade barriers because it’s “the right thing to do.” …
Dreyfus, others shut soy crushing operations in China on power curbs
Louis Dreyfus Company, one of the world’s largest farm commodity traders, said on Friday one of its soybean crushing plants in China halted operations this week, amid widespread curbs on power …
China Detains Business Chiefs as Its Corporate Crusade Expands
The seizure of the top two leaders of HNA comes as speculation swirls over whether Beijing will bail out another troubled giant, Evergrande.
Zhou seals Beijing 2022 spot as ISU confirms COVID case at Nebelhorn Trophy
American figure skater Vincent Zhou has secured his place at the Beijing 2022 Winter Olympics after winning the men’s competition at the Nebelhorn …
China’s central bank rules all crypto transactions are illegal
BEIJING: China’s central bank on Friday (Sep 24) said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for digital currencies in China after a crackdown on …
Huawei exec returning to China after nearly three-year detention in Canada: report
The finance chief of Chinese telecom giant Huawei has struck a deal with the US that will allow her return to China after nearly three years, according to reports.
China Widens Mobile Payments Antitrust Probe
The central bank of China is planning to “deepen” its mobile payments-focused antitrust probes, even though it has seen “interim progress” in the last year.
‘Quad’ leaders meets at White House as China looks warily on
Leaders of the United States, Japan, India and Australia presented a united front on Friday at their first summit and stressed the need for a free and open Indo-Pacific region amid shared concerns …
