Financial news coming from China is always a mixed bag of good and bad news these days.The local government wants to limit peer-to-peer lending, which will undoubtedly have an impact on Bitcoin as well. China Cracks Down on P2P Finance It is not the first time the People’s Bank of China wants to tighten regulation of the financial sector, particularly when Bitcoin and peer-to-peer lending is concerned. Although the bank …
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Several central banks have shown interest in launching their own digital currencies and People’s Bank of China (PBoC) is at the forefront of this movement. The PBoC recently held a meeting that examined the benefits and challenges of applying blockchains and distributed ledger technology to improve China’s monetary and social systems. Zhou Xiaochuan, head of the PBoC, was recently interviewed by Caixin Weekly, and his comments shed some light on …
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