In September 2021, the Folks’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 Forex 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 workforce which summarises a few of the latest associated regulatory developments and discusses a number of scorching subjects comparable to NFTs and China’s Digital Yuan Plan.