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Central bank chief condemns speculative cryptocurrencies

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Cookies on FT Sites. Manage cookies. Close drawer menu Financial Times International Edition. Subscribe for full access. Search the FT Search. Apple's patent for a new kind of iPhone could boost sales, UBS says. The PBOC also ordered banks and nonbank payment institutions like Alibaba affiliate Ant Group not to provide services related to crypto. In July, the central bank told a Beijing-based company to shut down for allegedly facilitating digital currency transactions with its software.

China's crypto crackdown comes as Beijing is looking to fulfill its climate targets. The country is the world's biggest carbon emitter and has set out to become carbon neutral by The PBOC is also working on its own digital currency. China is seen as a leading contender in the race toward central bank-issued digital currencies, having tried out a virtual version of the yuan in several regions.

Skip Navigation. Investing Club. Key Points. The People's Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas cryptocurrency exchanges providing services in mainland China are also illegal, the PBOC said. Earlier this year, Beijing announced a crackdown on crypto mining.

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??Central Bank Dooms Crypto - This Week in Crypto � Dec 5, 2022

WebFeb 10, �� India�s central bank Governor Shaktikanta Das, a long-time opponent of cryptocurrencies, launched another broadside against digital tokens, saying they have . WebSep 16, �� The European central bank condemns cryptocurrencies and says cryptocurrencies are not currencies. VOI - Waktunya Merevolusi Pemberitaan. WebFeb 10, �� Having warned that private cryptocurrencies could undermine the RBI�s ability to maintain financial stability, the central bank has plans to launch its own digital .