Beijing Imposes Radical Control On Banks


20h05 ▪
3
min read ▪ by
Mikaia A.

As the world of finance turns to China, all eyes are on its recent decisions regarding digital assets. If a strategic turnaround were to soften its position, it could mark a true peak for bitcoin and its counterparts. But for now, Chinese authorities are tightening their regulatory framework. With their new rules on foreign exchange, crypto transactions are now under strict control.

Illustration of a caged bitcoin coin and modern Chinese citiesIllustration of a caged bitcoin coin and modern Chinese cities

Chinese crypto regulation: towards a total lock-down

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