crypto

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on virtual currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputyRead More →

CryptoBuzz News Network CryptoBuzz

The Chinese government is moving to block domestic access to overseas sites that offer services for cryptocurrency trading and ICO investments. A report tied to the People’s Bank of China indicates that authorities there are stepping up on a crackdown that began roughly a year ago. “To prevent serious financialRead More →

china cryptocurrency

It will, according to our sources, look very different from bitcoin as well as other known public Cryptocurrencies. People’s Bank of China Vice-Governor Fan Yifei outlined the bank’s vision for its central bank digital currency. Fan Yifei then made clear that the it’s purpose is to replace physical currency, and thusRead More →