Cryptocurrency, Regulations

China’s Banking Leader provides positive comments about Cryptocurrency and Blockchain

China recently banned trading of cryptocurrency, initial coin offerings(ICOs) and trading platforms for all Chinese citizens. Governor of People's Bank of China Zhou Xiaochuan made many comments on Friday about cryptocurrency and blockchain technology.  Zhou said, “If they [Blockchain technologies] spread too rapidly, it may have a big negative impact on consumers. It could also… Continue reading China’s Banking Leader provides positive comments about Cryptocurrency and Blockchain

Regulations

Chinese government trying to close all avenues of crypto trading

The Chinese Government continues to try and contain all trading of tokens on crypto platforms from within China. We are hearing from our contacts in China that the Government is now clamping down on banks and individuals who are using offshore platforms to conduct trading activity. The Government has warned the banks, businesses and individuals… Continue reading Chinese government trying to close all avenues of crypto trading