China’s central bank said the country’s share of global bitcoin trading has been slashed to 10% from the peak of more than 90% before Beijing's crackdown.
The People's Bank of China (PBOC) said it was an achievement in keeping “financial risks” at bay as China had “effectively curbed the speculative culture of cryptocurrency trading domestically”, adding that it would continue to monitor the “chaos of digital finance”, including cryptocurrencies and peer-to-peer lending, on a regular basis.
Sign In or Subscribe To Get Full Access.
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.
