China’s central bank ordered domestic financial institutions to cut the payment channels of clients involved in cryptocurrency transactions.
Tagged By finance
Banks fall in line as China’s central bank cracks down on crypto accounts
China’s central bank has called on major state banks and payment services providers like Alipay to reinforce anti-crypto restrictions.
China’s central bank urges tougher crackdown on cryptocurrencies
China’s central bank said on Monday it had summoned some banks and payment institutions recently, urging them to crack down harder on cryptocurrency trading. The People’s Bank of China’s meeting …
China May local govt special bond issuance at 452.4 billion yuan
China’s local governments issued 452.4 billion yuan (US$70 billion) in special bonds in May, compared with 343.9 billion yuan the previous month, …
Red Finance: a Little-Known Battlefront Behind the 100-Year CPC
The Communist Party of China has managed to create its own financial system in its nearly 100-year history. The system supported the regime to become powerful and helped in the development and …
China Continues Bitcoin Mining Crackdown to Improve Capital Controls Enforcement, Enhance RMB Protections, Strength Digital Yuan Use-Case: Report
China continues crypto mining crackdown to improve capital controls, enhance RMB protections, strength digital yuan use-case: Report .
Bitcoin falls to 2-week low as Crypto faces China’s backlash
China has ordered payment platform Alipay and domestic banks to not provide services linked to trading of virtual currencies.
Bitcoin tumbles 8% after China steps up crackdown on crypto mining, shutting down 26 key sites in Sichuan
Sichuan authorities have ordered bitcoin miners to “clean up and terminate” their operations, according to media reports.
China’s Bairong Launches Share Repurchase and Stock Incentive Schemes
Bairong Inc (“Bairong” or “the Company”; 6608.HK), a leading independent AI-powered technology platform in China, has initiated a share repurchase plan and adopted a stock award scheme in a move that …
Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto
Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 11% to $31,886 as of 7:26 a.m. in New York. Ether declined 15% to $1,910.China …
China’s Central Bank Urges Financial Institutions to Crack Down on Cryptocurrencies
China’s central bank said on Monday it had summoned some banks and payment institutions recently, urging them to crack down harder on cryptocurrency trading. The People’s Bank of China urged the …
Why China is getting tough on crypto
Cryptocurrency prices have fluctuated wildly in recent weeks as China intensifies a crackdown on trading and mining operations. On Monday bitcoin slumped more than 10 percent after Beijing pulled the …
Bitcoin Falls to Two-Week Low as China Cracks Down on Mining
Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 9% to $32,430 as of 10:21 a.m. in London. Ether declined 10% to $2,024.A Chinese …
