Sentences with phrase «chinese financial regulators»

Last weekend, seven Chinese financial regulators, including the People's Bank of China, have published a joint decree, criticizing crypto token sales as «an unauthorized and illegal public distribution of financial tokens, the illegal issuance of securities and illegal fundraising, financial

But, as trading activities simply moved over to over-the-counter markets and the market became even more difficult to regulate, PBoC and Chinese financial regulators came to a consensus to legalize and regulate Bitcoin.

But after the Chinese financial regulator implemented a crackdown on local exchanges in September last year, the firm moved its headquarters to Hong Kong.

First China, Now South Korea Earlier this month, news circulated that the Chinese financial regulator banned all Initial Coin Offerings and forced cryptocurrency exchanges to shut down their operations until the end of September.

First China, Now South Korea Earlier this month, news circulated that the Chinese financial regulator banned all Initial Coin Offerings and

Not exact matches

Since the start of 2017, Chinese regulators have announced a slew of steps to coax financial institutions to reduce riskier activity and leverage, targeting everything from interbank lending levels to bond trading, negotiable certificates of deposit and entrusted loans.

Last week, the China Securities Regulatory Commission denied a report in Caijing, a respected Chinese financial news outlet, which had said the regulator was considering how to begin removing its supports for share prices.

SHANGHAI — A Chinese regulator announced on Friday that it had taken disciplinary measures against the Anbang Insurance Group, a financial behemoth that has tried to invest tens of billions of dollars overseas, for the improper sale of two investment products.

Chinese regulators have become increasingly concerned that some of the biggest conglomerates have borrowed so much that they could pose risks to the financial system.

Earlier this week, the People's Bank of China (PBoC), the Chinese government, and its financial regulators have officially requested local bitcoin exchanges and trading platforms to...

These changes often have been driven as much by Chinese bankers» need to please a varied group of regulators — whose own institutional biases are exacerbated by the competition, and even hostility, that exists among them — as by economic and financial factors.2

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

According to Chinese financial magazine, Caixin, the Chinese regulators, the People's Bank of China and China Securities Regulatory Commission, are currently deciding on how to handle ICOs.

Economists worry that Chinese companies are borrowing too much money outside the scrutiny of regulators and planting too many potential debt bombs in the corners of China's financial system.

OKCoin and Huobi, two of the largest bitcoin exchanges in China that have been responsible for around 75 percent of bitcoin trades in the Chinese market, were given leeway by local financial regulators to operate until the end of October.

The cryptocurrency ban proposed by Russia comes in the aftermath of similar drive taken by Chinese and South Korean financial regulators.

Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that authorities plan to shut key bitcoin exchanges in China.

For instance, in 2013, the Chinese government and its financial regulators had banned Bitcoin on two separate occasions.

Given that the Chinese government and its financial regulators had not released any abrupt regulations on bitcoin, Ethereum and the cryptocurrency market in general, bitcoin price was on an ideal trajectory towards achieving the interim targets of various prominent financial analysts including Max Keiser, who have altered their short - term price target from $ 5,000 to $ 10,000.

Back in December it was the Chinese government cracking down, next South Korea stepped in and now we learn that financial regulators in Japan will be conducting inspections of certain cryptocurrency exchanges due concerns about vulnerability to cyber attacks.

Now with murmurings of more severe pushback from Chinese regulators on bitcoin mining amid the power drain, including another blanket ban amid «concerns of excessive electricity consumption and financial risk,» Canada has become the next most attractive option amid plentiful and cheap resources and frigid winters as well as a more supportive government on cryptocurrencies.

Chinese crypto exchanges have been shutting down their activities following demands of the country's financial regulator.

Apparently, financial regulators in Hong Kong are taking a softer approach on ICOs than their Chinese counterparts, who recently suspended all Initial Coin Offerings in China.

Earlier this week, the People's Bank of China (PBoC), the Chinese government, and its financial regulators have officially requested local bitcoin exchanges and trading platforms to halt their services by the end of September.

Dramatic financial news site ZeroHedge reported on 3rd November that Chinese regulators «are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms outside the nation and imposing quotas on the amount of bitcoins that can be sent abroad.»

In an effort to contain financial risks, Chinese regulators have reportedly issued a notice to local governments, ordering them to make it more difficult for Bitcoin miners to operate in the country.

Also read: AirBitz and WINGS Partnership Secures Future of DAOs Chinese Rumors Start to Spread... Again Dramatic financial news site ZeroHedge reported on 3rd November that Chinese regulators «are considering policies including restricting

Earlier this week, the Chinese government, local authorities and financial regulators officially requested Chinese Bitcoin exchanges and trading platforms to halt their services by the end of September.

According to online leaked documents, the Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet - finance regulator, issuing a notice asking local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.

Chinese regulators have banned financial institutions from using Bitcoin, warning that the virtual currency could be used for illegal activities and speculation.