Express

"China Financial Stability Report (2019)” Highlights Cryptocurrency's Ability To Follow Government Guidlines

Roland James

Summary: The Peoples Bank of China (PBoC) issued the "China Financial Stability Report (2019)” which discussed digital currency, blockchain technology, and the rectification of virtual currency exchanges. The movement of deep integration has a major impact on the economy and the financial system. Balancing the relationship between risk and innovation is a common concern with global ...

The Peoples Bank of China (PBoC) issued the "China Financial Stability Report (2019)” which discussed digital currency, blockchain technology, and the rectification of virtual currency exchanges.

The movement of deep integration has a major impact on the economy and the financial system. Balancing the relationship between risk and innovation is a common concern with global financial regulation. The report emphasized that since 2018, the financial system has diligently applied the decision-making arrangements of the Party Central Committee and the State Council, and executed the various tasks and measures in agreement with the guidlines laid out by the central government, and attained good results.

By Roland James

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.