The People’s Bank of China will ban financial institutions, payment companies, and internet platforms from facilitating cryptocurrency trading.
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China’s Central Bank Says All Cryptocurrency Transactions Are Illegal
China’s state planer, PBoC vow to up crypto scrutiny
China’s National Development and Reform Commission (NDRC) announced in a notice on Friday it will strictly disallow financial support for projects based on cryptocurrency mining. Shortly after, …
Zero tolerance: China in all out crypto crackdown as it says all payments are illegal
The People’s Bank of China has reportedly declared all crypto currency payments illegal. A Q&A posted on the Central Bank’s The post Zero tolerance: China in all out crypto crackdown as it says all …
China central bank vows crackdown on cryptocurrency trading
China’s central bank vowed on Friday to crack down on illegal activities of cryptocurrency trading, banning overseas exchanges from providing services to mainland investors via Internet.
Kakao Pay delays IPO plan on heightened consumer safeguards
South Korean mobile payment app operator Kakao Pay said Friday it has delayed its plan to go public yet again amid toughened consumer protection regulations in the domestic market. Kakao Pay, a 55:45 …
China’s Cultural Revolution 2.0: CCP targets entertainment, business, education
The Chinese Communist Partys (CCP) approach towards dealing with society–particularly the business and entertainment industries–is aimed at regulating aspects that it considers detrimental to its …
Study uncovers 142 bat coronaviruses in China, but none closely linked to pandemic: SCMP
A medical worker observes at a “Falcon” air-inflated testing lab for COVID-19 nucleic acid testing at Yangzhou International Exhibition Center in Yangzhou, east China’s Jiangsu Province, Aug. 14, 2021 …
Beijing blasts ‘criminal record’ of US in Hong Kong with list detailing more than 100 examples of alleged interference
If face-to-face meeting between Xi Jinping and Joe Biden takes place, foreign ministry statement signals Hong Kong off-limits, source says.
Alibaba, Under Beijing Pressure, Moves to Sell Stake in State-Owned Broadcaster
Alibaba plans to dispose of its minority ownership in a state-owned broadcaster, the first concrete step the Chinese internet giant is taking to dismantle its sprawling media empire following pressure …
Beijing Tells Regime It Fears Attack on Its Oil, Gas Pipelines in Myanmar
China has conveyed concerns to the military junta that civilian resistance forces seek to target the 800-km-long twin pipelines due to Beijing’s support for the regime.
Life of luxury: Rebounding brands, travel tips and China’s return to form
Equity investors believe luxury names are already on the road to recovery, while the Chinese middle class shows no signs of slowing just yet.
Kakao Pay pushes back IPO to November
SEOUL: South Korean fintech company Kakao Pay Corp said on Friday (Sep 24) it has decided to push back its planned initial public offering (IPO) worth up to 1.5 trillion won (US$1.28 billion) to …
17th China (Shenzhen) International Cultural Industries Fair Opens
International Cultural Industries Fair (ICIF) in Shenzhen, south China’s Guangdong Province, Sept. 23, 2021. The 17th China (Shenzhen) International Cultural Industries Fair (ICIF) opened Thursday in …
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