Tuesday, May 18, 2021
Home Fintech

Fintech

Top Chinese Bitcoin Exchange Announces Suspension of Trading

One of China's leading Bitcoin exchanges has announced the imminent suspension of operations in the wake of a crackdown on initial coin offerings launched...

Bitcoin Arbitrage Booms Following China’s ICO Ban

Beijing's recent decision to ban initial coin offerings has led to a surge in Chinese Bitcoin arbitrage, including online courses that cover offshore Bitcoin...

Central Bank Places Accounts of ICO Platforms Under Strict Supervision

Following the launch of a ban on initial coin operations in China, the central bank has required that the accounts of certain ICO platforms...

ICO Ban is Just the Beginning of China’s Crackdown on Virtual Currencies

Members of China's Fintech sector say the central bank's ban on initial coin offerings only marks the start of a broader crackdown by the...

Chinese ICO Platforms Shut Down Operations Following Launch of Ban by Central Bank

A slew of ICO platforms in China have suspended operations following the central bank's announcement of a ban on cryptocurrency financial activity and a...

Chinese Regulators Step up Focus on Fintech with 1828 Fines in 2017

The People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission have jointly issued a total of 1,828...

China Declares Initial Coin Offerings Illegal

The Chinese government has just declared initial coin offerings to be an illegal form of financial activity, mandating a ban on cryptocurrency crowdfunding as...

BTC China Suspends ICO’s in Anticipation of Cryptocurrency Crackdown

One of China's largest Bitcoin exchanges has announced the suspension of initial coin offerings, as Chinese regulators flag the possibility of a provisional ban...

Chinese Regulatory Source Calls for Ban on Initial Coin Offerings ASAP

A Chinese regulatory source has said to www.financialnews.com.cn that crowdfunding via cryptocurrencies should be subject to a ban as soon as possible. Initial coin offerings and...

Chinese Regulators Mull Ban on Cryptocurrency Crowdfunding

China's financial regulators are considering a ban on crowdfunding by means of cryptocurrencies, as authorities in other leading economies step up their scrutiny of...

Fintech Contributes to 3 Trillion Yuan Decline in Chinese Personal Current Accounts and Cash

The personal current account and cash components of China's money supply have seen a precipitous decline over the past six months in tandem with...

Chinese Consumers Lead the World in Fintech Adoption: Ernst & Young

A new survey from Ernst & Young indicates that Chinese consumers are world leaders in the usage and adoption of the latest Fintech innovations. The...

Latest stories

China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...