China’s Central Bank Moves to Restrict Free Crypto Giveaways
The People's Bank of China, the country's central bank, is looking to clamp down on airdrops – free distributions of crypto tokens.
PBOC wants to distinguish its own digital currency from rival private initiatives.
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
Get your Fourth Industrial Revolution hardhats on. CoinDesk is at Davos to help you ponder the slew of problems ailing today’s global economy.
Binance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking.
A research institute under the Chinese central bank has just announced 29 job openings – three of which focus on blockchain-related expertise.
Call it the biggest short in history. China took plenty of actions against cryptocurrencies in 2017, banning ICOs, shutting down domestic exchanges and all but taking a match to what was once one of the industry's largest and most thriving ecosystems. But if China is setting a course apart from the world, Yao Qian may be its biggest asset. The man in charge of rethinking bitcoin on behalf of the world's largest state isn't just empowered, he seems to know crypto inside and out.