The People’s Bank of China, the country’s central bank, said Friday that cryptocurrency transactions are illegal, saying such currencies “do not have legal tender status” and therefore “cannot be …
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China’s crypto crackdown is shaking markets, but it’s been trying to rein in the sector for years. Here’s a timeline of Beijing’s regulatory sweep.
China’s hostility towards crypto stretches back to 2013, when the country banned banks from handling bitcoin transactions.
HSBC, Bank of China among five lenders to complete deals as southbound Bond Connect debuts
The southbound Bond Connect link allows 13 Hong Kong banks to trade bonds for 41 mainland banks and 173 professional investors in the city, with the daily quota set at 20 billion yuan and 500…
China’s central bank says cryptocurrency transactions are illegal
China is continuing to push forward in its cryptocurrency crackdown. The People’s Bank of China says crypto transactions are illegal and called for a formal ban. It cited concerns about national …
Bitcoin and Ethereum Sink as China Central Bank Says Crypto Transactions Illegal
Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China says Friday.
China declares all cryptocurrency transactions illegal
China’s central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money …
China’s central bank declares all crypto-related transactions illegal
China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were …
China says all cryptocurrency-related transactions are illegal
China’s central bank said on Friday that all cryptocurrency-related transactions are illegal in the country, citing concerns around national security and social stability. The world’s most populated …
China Bans Crypto Transactions, Vows to Stop Illegal Mining
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China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops 4.5%: report
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending bitcoin shares about 4.5% percent lower, according to a report.
China injects $71bn into banking system amid Evergrande crisis
The People’s Bank of China has injected a net 460 billion yuan ($71bn) of short-term cash into the banking system in the past five working days, including 70bn yuan on Friday. That’s helping ensure …
China’s Central Bank Pushes Reform of Emergency Liquidity Tool
China’s central bank will push to reform its emergency-funding facility to make it easier for banks to access cash, a move that could help smooth out the volatility in money market rates.
China Adds $71 Billion in Liquidity in Past Week to Calm Nerves
China’s central bank continued to pump liquidity into the financial system on Friday as policy makers sought to avoid contagion stemming from China Evergrande Group spreading to domestic markets.Most …
