Image Image Image Image Image Image Image Image Image Image Image Image

| June 23, 2018

Scroll to top

Top

likely Archives -

Watchdog: Sarin, chlorine likely used in Syria in March 2017

June 13, 2018 |

The global chemical weapons watchdog says the nerve agent sarin and toxic chemical chlorine were “very likely” used as weapons in two attacks in central Syria in late March 2017.
FOX News

Tesla Says ‘Quite Likely’ to Meet 5,000-A-Week Model 3 Production Goal

June 6, 2018 |

Tesla will “quite likely” meet its goal of making 5,000 Model 3 cars in a single week by the end of the month, CEO Elon Musk said.
WSJ.com: What’s News Asia

Embattled Wells Fargo likely to operate under Fed-imposed growth cap into next year, CEO says

May 14, 2018 |

Wells Fargo & Co.’s stiff penalty from the Federal Reserve over its unauthorized accounts scandal and other consumer abuses will continue into next year, the bank’s chief executive told investors Thursday.

The Federal Reserve in February ordered the bank to stop growing its assets beyond $ 1.95…


L.A. Times – Business

Solar Panels Will Likely Be Mandatory on New California Homes

May 10, 2018 |

Jumping out ahead of the rest of the country, California on Wednesday moved to require solar panels on all new homes and low-rise apartment buildings starting in 2020, the AP reports. The new building standard—unanimously approved by the five-member California Energy Commission—would be the first such statewide mandate…
Newser

Berlin police say 3 abandoned babies are likely sisters

May 8, 2018 |

Berlin police say three baby girls found abandoned in and around the German capital in recent years are siblings.
FOX News

The Latest: Geologists say more Hawaii lava outbreaks likely

May 6, 2018 |

The Latest on a volcanic eruption on the Big Island of Hawaii (all times local): 10 a.m.
FOX News

China Ride-Hailing Giant Didi in IPO Talks, Likely Beating Uber to Market

April 24, 2018 |

Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries.
WSJ.com: US Business

CNN

Cuba’s likely new leader, Miguel Diaz-Canel, faces economic and diplomatic challenges

April 19, 2018 |

Before becoming the heir apparent to Cuban President Raul Castro, when Miguel Díaz-Canel was still climbing his way up the ranks of the Communist Party hierarchy in the island’s provinces, he earned a nickname that stuck with him: “Día y Noche,” or Day and Night.
CNN.com – RSS Channel – Regions – Americas

CNN

The challenges facing Cuba’s likely new leader

April 19, 2018 |

CNN’s Patrick Oppmann reports on the man expected to be the next leader of Cuba, Miguel Diaz-Canel, and the challenges facing the country.
CNN.com – RSS Channel – World

China’s Position on Crypto Likely to Harden Under New PBOC Governor

April 16, 2018 |

China's Position on Crypto Likely to Harden Under New PBOC Governor

China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency.

Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto 

New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies

China's Position on Crypto Likely to Harden Under New PBOC GovernorWhilst attending a forum on monetary policy at Asia Annual Conference 2018’s Boao Forum, China’s recently appointed central bank governor, Yi Gang, indicated that the PBOC’s stance regarding virtual currencies will not soften under his leadership.

Yi Gang described cryptocurrencies as offering little to contribute to China’s economy at large, defending the government’s cautious stance with regards to virtual currencies. “In general, PBOC is maintaining tight supervision among virtual currency, in the meantime, the central bank is also exploring a better way for digital currency to play a more active role in service to the real economy,” Yi Gang said.

Yi Gang also again reaffirmed the Chinese state’s design to be globally competitive as a leader in blockchain innovation and adoption.

Blockchain Conference Shut Down by Police Due to Presence of ICO Organizer

China's Position on Crypto Likely to Harden Under New PBOC GovernorThe Global Fintech & Blockchain China Summit 2018 was suddenly shut down by local authorities last week, with police citing “security risks” as the basis for their actions. Reports have alleged that police were tipped off by conference participants that an unnamed individual behind an initial coin offering (ICO) that had yielded losses for investors was present at the conference.

PTP International, the company responsible for organizing the event, expressed incredulity and denied any wrongdoing in response to the police’s actions. “We are still investigating the reasons for the suspension, and so far the explanation offered by the police is that it is due to a security risk. We are working on a solution regarding how to make it up to the event attendees. The conference is in compliance with the regulations in China and does not feature any ICO roadshow,” the company stated.

Alibaba Music Group Co-Founder Defends Bitcoin

China's Position on Crypto Likely to Harden Under New PBOC GovernorGao Xiaosong, songwriter, and chairman of Alibaba Entertainment Strategic Committee, recently endorsed bitcoin and cryptocurrency on his online talk show – which receives an accredited viewership of more than 850 million worldwide.

Gao Xiaosong stated that “The essence of currency is not gold or silver, but lies in social consensus. It is exactly currency if it has exchange value. In this sense, I cannot get clear why so many people criticize virtual currency, (after all) currencies at the very beginning are virtual.”

The Alibaba representative described all monetary forms as being “featured by scarcity and community consensus,” arguing that “This is the same case with bitcoin.”

Do you think that China’s regulatory position is likely to soften, or intensify in coming years? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


Want to create your own secure cold storage paper wallet? Check our tools section.

The post China’s Position on Crypto Likely to Harden Under New PBOC Governor appeared first on Bitcoin News.

Bitcoin News