PYMNTS-MonitorEdge-May-2024

China Central Bank

China’s Central Bank Fines Alipay
China’s Central Bank Fines Alipay
August 07, 2018  |  International

Alipay, a payment affiliate of Alibaba, has been hit with a $601,846 fine by the Shanghai head office for the People’s Bank of China. According...

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China Finds A Blockchain-Based Replacement For Checks
China Finds A Blockchain-Based Replacement For Checks
June 05, 2018  |  Blockchain

According to reports in CoinDesk, care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks...

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China Bans ICOs, Citing Scams And Investor Risks
China Bans ICOs, Citing Scams And Investor Risks
September 05, 2017  |  International

In what might be a major regulatory shot across the initial coin offering (ICO) bow, China has put in place an immediate ban on funding...

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Senate To Mull Financial Choice Act, UK Officials Look For Tighter Controls
Senate To Mull Financial Choice Act, UK Officials Look For Tighter Controls
August 07, 2017  |  Regulation Roundup

The summer torpor is about to dispel, and financial regulatory activity is about to heat up in Congress and beyond. As has been noted in...

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China’s Central Bank Urges Caution; Tanks Bitcoin
China’s Central Bank Urges Caution; Tanks Bitcoin
January 09, 2017  |  Bitcoin

Urging of caution when it comes to investing in bitcoin by China sent the price of bitcoin plunging 12 percent late last week. According to...

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