News China to strengthen supervision on blockchain-related financing, investment

China to strengthen supervision on blockchain-related financing, investment

-

- Advertisment -

China to strengthen supervision on blockchain-related financing, investment

FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing November 24, 2014. REUTERS/Kim Kyung-Hoon/File Photo

BEIJING (Reuters) – China’s central bank said bubbles in blockchain financing are apparent, and that the government should strengthen supervision to fend off financial risks.

Speculation, market manipulation and other irregularities in blockchain-related investment and financing are common in the country, the central bank said in a working paper released on Tuesday.

Reporting by Beijing Monotoring Desk; Editing by Shri Navaratnam

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...
- Advertisement -China to strengthen supervision on blockchain-related financing, investment

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

How has Bitcoin of America Changed the Cryptocurrency Industry?

Who is Bitcoin of America? Bitcoin of America is a U.S. based digital currency...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when...
- Advertisement -China to strengthen supervision on blockchain-related financing, investmentChina to strengthen supervision on blockchain-related financing, investment

You might also likeRELATED
Recommended to you