Category: existing
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China’s Judiciary Intensifies Research on Crypto Legal Cases Amid Existing Ban
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China’s judicial authorities are taking important steps to address the legal complications surrounding cryptocurrencies. Although a strict prohibition on the circulation of encryption and mining on the mainland is maintained, the best judicial and academic institutions in the country are now intensifying research on how to deal with digital assets…
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China tells banks to start cutting rates on existing mortgages By Reuters
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BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…