Deputy governor of China’s central bank defines STOs as illegal financial activity in the country

2018-12-10 09:29

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9.

Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were still rampant in the mainland despite a nationwide clean-up of the cryptocurrency market last year.”

The official also said that if the government had not stepped in, the chaotic crypto market could have hurt the overall financial stability in China.

Gongsheng pointed out that “the STO business that has surfaced recently is still essentially an illegal financial activity in China.” He also reiterated the stance that cryptocurrencies are associated with crime:

“Virtual money has become an accomplice to all kinds of illegal and criminal activities.”

Gongsheng noted that “most of the financing operations conducted through ICOs in China were suspected of being illegal fundraising, pyramid sales schemes and other financial fraud.”

The article also mentions that the chief of the Bureau of Financial Work, Huo Xuewen, warned against STOs about a week ago. He said:

“I want to warn those who are promoting STO fundraising in Beijing. Don’t do it in Beijing. You will be kicked out if you do it.”

What’s interesting, blockchain – the tech behind most cryptocurrencies – has been relatively embraced in China. For example, a Chinese Internet Court has recently started using blockchain to protect the intellectual property of online writers.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0031233 (-100%)

bank china country stos central deputy offerings

Источник: coinstelegram.com

bank china → Результатов: 126


Фото:

China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning

The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.

2021-7-7 06:30


Народный банк Китая активно готовится к запуску цифрового юаня

Регулятор «расчищает» поле от финансовых услуг на базе криптовалют внутри Поднебесной. Как сообщает Народный банк Китая, его представители провели встречу с руководством ряда банков, включая Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Construction Bank of China (CBC), Postal Savings Bank of China, Industrial Bank, а также провайдером услуг мобильных платежей […]

2021-6-21 17:09


Фото:

China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The state-owned bank launched a feature on Friday 18, in partnership with the Agricultural Bank of China that will allow users to withdraw their […]

2021-6-19 18:06


China’s Central Bank Runs a Cross-Border Trial of Digital Yuan

According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide.

2021-4-6 19:41


Фото:

В тестах цифрового юаня в Сучжоу задействуют кошельки от шести банков

Шесть крупнейших китайских коммерческих банков предоставят кошельки для тестирования цифрового юаня (DCEP) в ходе лотереи "красных конвертов" в Сучжоу, сообщает CLS. Приложения от Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Industrial and Commercial Bank of China (ICBC) и Postal Savings Bank of China предоставят различные возможности.

2020-12-12 12:44


Kитaйcкий бaнк пpoдaёт oблигaции нa $З млpд зa биткoйны

Бaнк China Construction Bank будeт пpoдaвaть oблигaции нa блoкчeйнe, кoтopыe мoгут быть oплaчeны в дoллapax или биткoйнax, cooбщaeт South China Morning Post. Бaнк вxoдит в чeтвёpку caмыx вaжныx кoммepчecкиx бaнкoв Kитaя и, пo дaнным Forbes, являeтcя втopым пo вeличинe бaнкoм в миpe.

2020-11-11 18:30


China’s Top Private Bank Chair: Blockchain Tech Adoption Will Upgrade All Areas Of The Economy

China’s Blockchain potential could be unleashed to boost agriculture, finance and manufacturing, Chairman of Minsheng Bank states. In a report published on the Economic Information Daily, a China based publication, the Chairman of the first Bank in China to adopt blockchain technologies, Minsheng Bank, Hong Qi, said the world of blockchain, digital currencies and decentralized […]

2020-2-5 22:37


China’s State-Owned Bank, CCB, Launches A Blockchain-Based Small Business Financing Platform

One of China’s largest financial institutions, China’s Construction Bank (CCB) launched its blockchain based re-factoring platform. The announcement, released on December 10th by local news outlet, Sina Finance App, further points out the bank aims to boost efficiency and reduce risks pinned to the factoring business.

2019-12-11 17:04


Bank of China выпустил блокчейн-облигации на сумму $2,8 млрд

Четвертый по величине государственный банк КНР Bank of China выпустил двухлетние облигации на блокчейне для предприятий малого бизнеса на общую сумму $2,8 млрд. Для выпуска цифровых сертификатов Bank of China использовал собственную блокчейн-систему.

2019-12-9 16:22


Народный банк Китая отбирает организации для распространения собственной цифровой валюты

Народный банк Китая, готовящийся к эмиссии собственной цифровой валюты, может предоставить уникальное право на ее использование семи организациям. Об этом сообщает Forbes со ссылкой на бывшего главу по стратегии в области финансов China Construction Bank Пола Шульте.

2019-8-28 13:06


China’s Central Bank’s Crypto Proposal Will Assist Banks in Curbing Alipay, WeChat Pay Dominance

The much-awaited Bank of China’s cryptocurrency could be a move by the bank to help curb Alipay and WeChat Pay dominance in the financial sector. Appearing on South China Morning Post financial analyst, Cindy Wang, a renowned analyst with DBS Research Group, claimed that the country is set to benefit as investors and merchants will […]

2019-8-20 21:55


Фото:

‘Bullish For Bitcoin’: China Bank Bailouts Spark ‘Biggest Credit Bubble In History’

Bitcoin could possible gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble. ” China Bailouts: 3 Banks, $390 Billion Taking statistics from various sources, the Twitter cryptocurrency trader and commentator known as CryptoArbitrage noted that last week’s bailout of Heng Feng bank was the third involving assets over $200 billion.

2019-8-15 15:34


Governor of China’s central bank defines STOs as illegal financial activity in the country

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were […]

2018-12-10 09:29


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


Китайский банк выпустил ценные бумаги на блокчейне на $1,3 млрд

Пятый по величине коммерческий банк КНР Bank of Communications задействовал блокчейн для эмиссии ценных бумаг, обеспеченных ипотекой (RMBS). Об этом сообщает CoinDesk. Ведущим андеррайтером выпуска ценных бумаг стала China International Capital Corporation.

2018-9-27 16:42


Bank of China наращивает инвестиции в блокчейн

Китайский конгломерат Bank of China намерен выделить больше средств на изучение финтех сферы, включая технологию блокчейн. Директор банка по информационным технологиям Лю Цювань отметил,что банк также будет изучать искусственный интеллект, облачные вычисления и большие данные.

2018-8-12 15:51


Фото:

Bank of China увеличит инвестиции в блокчейн

Четвертый по величине финансовый конгломерат Китая — Bank of China — объявил о планах увеличения расходов на исследования в области финтех, включая технологию блокчейн. Как уточнил директор по информационным технологиям Bank of China Лю Цювань (Liu Qiuwan), банк также заинтересован в финансировании исследований облачных вычислений, больших данных и искусственного интеллекта. Bank of China планирует тратить на эти цели […]

2018-8-12 13:52


Фото:

Крупнейший банк Китая начал применять технологию блокчейн в кредитовании

Cельскохозяйственный банк Китая (The Agricultural Bank of China, ABC), четвертый в стране и мире по объему активов, через филиал в провинции Гуйчжоу выдал с помощью технологии блокчейн кредит на $300 тысяч на приобретение сельскохозяйственных угодий.

2018-7-31 11:41


Фото:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13


Hong Kong’s Banking Sector to Get a Blockchain Platform by September

The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of China, ANZ, DBS Bank, Bank of East Asia,… The post Hong Kong’s Banking Sector to Get a Blockchain Platform by September appeared first on CoinCentral.

2018-7-20 16:08


Фото:

ЦБ Гонконга в августе запустит торгово-финансовую блокчейн-платформу

Управление денежного обращения Гонконга (HKMA), де-факто центральный банк автономной территории, запустит в следующем месяце платформу торгового финансирования на основе технологии блокчейн. Ожидается, что она ускорит проведение транзакций и сможет предотвращать мошенничество.

2018-7-17 10:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

DBS Bank Issues Digital Bonds in First Security Token Offering 

In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public offering where tokenized digital securities […]