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Tag Archives: regulation

Chinese Scholar Yang Dong: Blockchain-Powered Regulation Is Inevitable

Apr 22, 2018

conniewang

“Blockchain is able to revamp the way that authorities regulate the financial market, and to improve their regulatory capabilities. Then, blockchain-powered governments can better distinguish ‘good’ innovations from bad ones, and will be more tolerant of innovation than before.  ‘blockchai...

PBOC Official: China to Step Up Scrutiny of Cryptocurrencies

Apr 11, 2018

conniewang

Wang Xin, Director-General of the Currency Gold and Silver Bureau of PBOC, highlighted in a recent-published article that Chinese financial regulators should step up scrutiny of virtual currencies to safeguard the government authority to issue national currency. His statement means C...

What Would PBoC’s State-backed Digital Currency Look Like?

Apr 10, 2018

ChloeJiang

China’s central bank has the ambition to accelerate the development of its own digital currency. Payment methods changes nowadays as digital economic develops, various mobile payment methods lead to a significant effect on the circulation and issuance of RMB. The emerging digital currency mar...

Clarify: India Hasn’t Banned Bitcoin Yet

Apr 8, 2018

ChloeJiang

As India, Japan, Pakistan and other countries amid regulatory crackdown on cryptocurrency, bitcoin plunges to $6526 USD on Friday. However, there are lots of misconception of the announcement made by the Reserve Bank of India (RBI). It was reported that, instead of banning all bitcoi...