The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters....
The People’s Bank of China said that China’s cryptocurrency, the digital yuan, will not need a currency basket to keep its value, according to a...
Chinese tech titans Alibaba and Tencent are spurning the government’s private credit-scoring protocol by restricting access to customer data, The Financial Times reported on Thursday...
In China, the central bank has said it will present a three-year plan to develop the domestic FinTech sector. Elsewhere in Asia, Fujitsu is helping...
Baoshang Bank, based in Inner Mongolia, will be taken over by China’s banking and insurance regulator over critical credit risks, according to a report by...
The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the...
A number of bitcoin rivals, such as Stellar, on their way to making a dent in the cryptocurrency’s dominance. Though the marquee name in crypto...
The push of U.S.-based credit card companies to finally gain access to the Chinese mainland has hit yet another bump. Reuters reports that the Chinese government...
On the regulatory front, last week saw a bit of news about mergers – actually, more than a bit. Specifically, the agreement for U.S. credit...