China's central bank to clean up virtual currencies

          Source: Xinhua| 2018-03-29 21:08:44|Editor: Mengjie
          Video PlayerClose

          BEIJING, March 29 (Xinhua) -- China's central bank said it would clean up various sorts of virtual currencies in 2018 in its latest effort to step up financial supervision.

          Last September, Chinese authorities including the People's Bank of China (PBOC) ordered a ban on initial coin offerings, in which technology start-ups issue their own digital coins to investors to access funds, and shut down all virtual currency exchanges in the country.

          The tough measures led to a sharp decline in virtual currency transaction volumes in China, according to Financial News, a publication run by the PBOC, the central bank.

          PBOC deputy governor Fan Yifei said the bank will step up reform and innovation and continue to steadily carry forward the central bank's research and development of digital currency.

          Fan made the remarks Wednesday during a teleconference on national work on currency, gold and silver for 2018.

          To ensure order in the circulation of the Chinese currency, the renminbi, the PBOC will tighten supervision and strengthen quality management and control, according to an online statement released on Thursday.

          More efforts should be made to serve the real economy and curb risks, and cash services will see further improvement with better infrastructure, Fan said.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001370751431
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲中文字幕在线观看 | 在线视频国产网址你懂的 | 这里只有精品最新地址在线 | 亚洲中文字幕第一页在线 | 精品久久免费视频观看 | 亚洲人成亚洲人成在线 |