China Weakens CNY

2021-12-11 18:19

China has increased foreign exchange reserve requirements for the second time this year, up in total from 4% to 9% starting on Wednesday. This is the first time China has...

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china time total starting wednesday year reserve

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Why China’s Renewed Harsh Crackdown On Crypto Isn’t Stifling Bitcoin — At Least Not Yet

China is now pressing about banning crypto mining, trading, and exchanging after being hypocritical about it for quite some time as it was still being utilized despite previous limitations. And following the latest ban on crypto which now prevents exchanges from providing services to users in China, exchanges like Huobi and Binance are responding by […]

2021-9-29 02:13


“More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test

The Chinese media group Caixin Global published an editorial this week with the title, “It’s Time to Declare War on Cryptocurrency.” The editorial talks about how no other country than China has been more determined to “put an end to speculative trading of digital currencies” as the People’s Bank of China (PBOC) instructed several financial […] The post “More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test first appeared on BitcoinExchangeGuide.

2021-6-30 16:38


Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges

Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report.

2021-5-22 19:42