China's Bitcoin Crackdown
China's central bank has called for the shutdown of a company that, "was suspected of providing software services for virtual currency transactions". The People's Bank of China also warned institutions not to provide other services related to virtual currency.
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Bitcoin Crashes Down And Growth Roars Back
Bitcoin tumbled over 10% on Monday, its biggest one-day drop in over a month. The selloff was sparked by the People's Bank of China (PBOC) urging the largest banks and payment companies in China to crack down harder on cryptocurrency trading.
The Consumer-Replacement Experiment
There is a foundational error running through European economic policy — one so deeply embedded that it has become invisible to the people making it.
Party Over Profits
Since taking office in 2012, Xi Jinping has prioritized ideological purity, national security, and Communist Party dominance. Additionally, he has insisted on tighter government regulation of the economy.
Futu And Tiger Brokers Under Pressure
Futu Holding and UP Fintech Holding (the company behind Tiger Brokers), both U.S.-listed Chinese online brokerages, face regulatory concerns when China's new personal data privacy law takes effect on November 1, according to an analysis on the People's Daily website.