Tag china

China Implements Stricter Bank Oversight on Crypto Trades

China Implements Stricter Bank Oversight on Crypto Trades

Key Takeaways China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), has introduced new rules requiring banks to closely monitor and report crypto-related transactions that may pose financial risks. As per reports, the regulations aim to prevent illicitโ€ฆ

Shanghai judge confirms legal ownership of cryptocurrency

Shanghai judge confirms legal ownership of cryptocurrency

Key Takeaways A recent ruling by Judge Sun Jie of the Peopleโ€™s Court of Songjiang District in Shanghai has clarified the legal status of crypto in China, stating that virtual currencies are considered legal commodities with property rights. The rulingโ€ฆ

CoinCodeCap WeekInFocus: April 7, 2024

CoinCodeCap WeekInFocus: April 7, 2024

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