China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
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Bitcoin slips after China central bank vows to crack down on crypto trading
Bitcoin fell nearly 5% on Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors. The largest …
Bitcoin, Ether Tumble as China Intensifies Crackdown on Crypto
Bitcoin, Ether and other digital tokens tumbled as China intensified its push to rein in crypto speculation and mining.
China’s Central Bank Says All Cryptocurrency Transactions Are Illegal
The People’s Bank of China will ban financial institutions, payment companies, and internet platforms from facilitating cryptocurrency trading.
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 …
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 …
China’s tire exports regain momentum in August
China’s ‘new rubber tire’ exports regained momentum in August following a decline earlier in July. The country exported 53 million tires in August 2021, up 14% on the same month a year ago, according …
Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec
The rapid adoption of Bitcoin and stablecoins poses a major challenge for the traditional financial system, a payment exec at the People’s Bank of China has warned.
