China’s chief financial regulator, the People’s Bank (NBK), intends to ban the issuance of assets tied to the digital yuan. At the moment, the issue of amendments to the national legislation is being discussed.
So, the document provides for a ban on legal entities and individuals to issue and conduct transactions with assets to replace the digital yuan. In case of violations, it is proposed to apply fines, which will be regulated depending on the income received, and the issuers of such instruments themselves will have to cease their activities.
It is worth noting that the People’s Bank of China is awaiting feedback from stakeholders until November 23, 2020.
Ireland has launched a new national financial crime strategy that includes measures aimed at improving…
Brazil received $318 billion in on-chain value between July 2024 and June 2025, according to…
Kraken has added direct on-chain trading inside its main mobile app, giving eligible users access…
Cardano is trading near an important technical support area, with ADA bulls trying to avoid…
TL;DR Heniitrading says BTCUSDT bounced from channel support after a prior breakout. The chart places…
Argentina has reportedly exempted registered cryptocurrency exchanges from the country’s transactional cheque tax, a move…