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

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -China to strengthen supervision on blockchain-related financing, investment

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you