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 issued domestically by businesses. Di Gang, deputy head of the digital currency research lab at the People’s Bank of China, told...
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 of those offerings. TechCrunch reported that the nation’s central bank on Monday said ICOs have “disrupted the economic and financial...
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 the financial and trade press, the Financial Choice Act, which was passed last month by the U.S. House of Representatives,...
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 a report by Reuters, bitcoin had been surging, gaining greater than 40 percent in two weeks, hitting around $1,139 on the...
August 07, 2018
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 to a report in Reuters, citing the central bank, the fine was for payment services regulations violations. The regulator didn’t provide any other details. The fine comes as worries grow […]
September 05, 2017
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 of those offerings. TechCrunch reported...
January 09, 2017
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 a report by Reuters, bitcoin had...
