2018-7-10 20:42 |
People’s Bank of China vice governor says they will not tolerate ICOs illegally serving residents
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Pan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.
2018-7-10 14:30 | |
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The People’s Bank of China (PBOC) digital currency cryptocurrency regulation’s importance in its recently published 2024 Financial Stability Report. This reiteration is particularly noteworthy given the contrasting approach of crypto between mainland China and Hong Kong.
The People’s Bank of China highlights Hong Kong’s active crypto licensing, as well as the prominence of cryptocurrency as an emerging trend in several countries in its recent Financial Stability report.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Huang Yiping has expressed concerns about China missing out on financial development opportunities following the nation's ban on cryptocurrencies.
According Xie Ping, to a former official of the People's Bank of China (PBoC), the Digital Yuan is underused by the Chinese.