The Bank of China, which should not be confused with the People’s Bank of China, the central bank of the country, has applied for a patent for a new solution to the problems of scaling blockage to the State Intellectual Property Office of China (SIPO). The solution contains a new…
Posts published in “CryptoYuan”
The first national crypto currency in the world is equated to a barrel of oil, therefore its price recommended by the Venezuelan government is $ 60. During the pre-sale, investors will be able to purchase 38.4 million Petro. Experts are skeptical about the initiative of President Nicolas Maduro, considering the…
The problems with the opening of bank accounts and the receipt of services of fiat deposits did not become an obstacle to the opening of new crypto-exchanges in South Korea. Since the introduction of the new real-name system, only customers of the four largest Korean crypto-birts can enter and withdraw…
China’s state-own news agency appears to be stepping up its rhetoric on over-the-counter (OTC), crypto-to-crypto trading and overseas initial coin offerings (ICOs) that still remain active in the country, calling them an attempt to bypass existing regulation. In a news report published Feb. 12, the Xinhua News Agency, detailed how purchasing…
BEIJING, Feb. 2 (Xinhua) — China announced Friday that it will allow direct trading between the Chinese yuan and the Thai baht on its interbank foreign exchange market beginning Monday. The move aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and…
Ripple has partnered with the Chinese money transfer service LianLian International to process cross-border payments in real time. Under the terms of the transaction, LianLian (Hong Kong) will use xCurrent, a product of Ripple for corporate chains, which the San Francisco firm advertises as a solution for instant payments. Amy…
Advertising declarations concerning crypto currency have banned to appear in the Chinese search system Baidu and social network Weibo. This was due to the fact that the Chinese government is tightening measures against the crypto currency and ICO. On the Chinese information website Sina, which refers to the Financial Times…
February 4, Beijing (Xinhua News)- According to the People’s Bank of China, Chinese cryptocurrency investors have headed to offshore crypto activities since the ICO ban last September, considering the various risks of offshore transactions, China is taking a series of regulatory measures. Last year, Chinese regulators make continuing effort to…
China has been taking ever-increasing actions to clamp down on all things cryptocurrency. Starting off by banning ICOs, China ordered a bank account freeze associated with exchanges, kicked out bitcoin miners, and instituted a nationwide ban on internet and mobile access to all things related to cryptocurrency trading. The People’s…
Most Bitcoin operations carried out during the last 30 days in China passed through the state currency Yuan. Bitcoin-China, on the basis of Bitcoin`s exchange, said on Twitter that a total of 71% of transactions were made at certain points by the crypto currency in the territory of the state.…