Showing 1 - 4 of 4
Crypto regulation must be innovative
Asia focus, Suwatchai Songwanich, Published on 19/04/2021
» India's government made global headlines last month with news of its proposed ban on the possession, issuance, mining, trading and transferring of cryptocurrencies and crypto-assets. If passed, the law would make India the first country to make cryptocurrencies illegal.
China steps up as digital currency pioneer
Asia focus, Suwatchai Songwanich, Published on 14/09/2020
» The People's Bank of China is blazing a new virtual trail with pilot tests of its national digital currency around the country. Digital Currency Electronic Payment (DCEP), the digital version of the renminbi, will be tested in Shenzhen, Suzhou, Xiongan and Chengdu and at venues of the 2022 Winter Olympics scheduled for Beijing and vicinity.
China's cryptocurrency crackdown
Asia focus, Suwatchai Songwanich, Published on 16/12/2019
» Weibo, China's largest microblogging service, has banned the cryptocurrency exchange giants Binance and Tron from its platform amid what appears to be a fresh crackdown on digital currency trading in China. At the same time, watchdogs in Shanghai issued notices calling for a cleanup of companies involved in cryptocurrency trading, while Beijing's regulator warned against illegal exchange operations.
China opens door to more foreign investors
Asia focus, Suwatchai Songwanich, Published on 19/08/2019
» China has significantly loosened its restrictions on foreign investment across a range of business sectors, including oil and gas exploration, agriculture, and mining and manufacturing, by reducing the number of business activities that foreign businesses are barred from on its "negative list". The list has been on a downward trend for the past few years, falling from 180 activities in 2011 to 40 this year.