In September 2021, the Individuals’s Financial institution of China and 9 different Chinese language authorities authorities collectively launched the Round on Additional Stopping and Dealing with the Dangers Regarding Hypothesis in Digital Foreign money Buying and selling. Along with one other official discover to stamp out cryptocurrency mining, cryptocurrency-based mining and different crypto-related actions in China are set to be tightly regulated.
See this alert from our China fintech crew which summarises among the latest associated regulatory developments and discusses a number of scorching subjects resembling NFTs and China’s Digital Yuan Plan.
