China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed
Despite the current ban on crypto, China should consider launching its own stablecoin, PBoC expert says Go to Source Powered by WPeMatico
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PBOC Provides Update on Its Crypto Prevention Efforts
The People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek … Read more
China’s Central Bank-Backed Blockchain Trade Finance Platform Pilot Kicks Off in Shenzhen
A new trade and finance blockchain platform, backed by China’s central bank, has started official pilot operations in Shenzhen Go to Source Powered by WPeMatico
Bitcoin Seals Further Gains in a Mostly Green Market as Ethereum Fails to Break $300
Almost all cryptocurrencies are in the green today, with Bitcoin pushing $7,400 and many top-twenty altcoins sealing solid gains Go to Source Powered by WPeMatico
Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform
China’s central bank has launched a trial of a blockchain platform to “promote the formation of market trust mechanism[s]” Go to Source Powered by WPeMatico
China Extends Crypto-Related Promotion Ban Beyond the Capital
China’s anti-crypto onslaught continues, as a prohibition against commercial venues from hosting crypto-related events has been extended to Guangzhou Development District Go to Source Powered by WPeMatico
Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising
In recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry … Read more
China: Central Bank, Gov’t Caution Public Over Fake Cryptocurrency Schemes
People’s Bank of China, Chinese Government warn citizens over “lawless entities” masquerading as legitimate blockchain-related companies Go to Source Powered by WPeMatico
China: World’s Fourth Largest Bank by Assets Trials Blockchain Loans Backed by Land
A $300,000 blockchain loan backed by land has issued by the Agricultural Bank of China, the world’s fourth-largest bank by assets Go to Source Powered by WPeMatico
South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China
South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean … Read more
