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China bans financial, payment institutions from …
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WebMar 21, 2024 · In late September 2024, the People’s Bank of China (PBOC) banned all cryptocurrency transactions. The PBOC cited the role of cryptocurrencies in facilitating financial crime as well as posing a growing risk to China’s financial system owing to their highly speculative nature. WebSep 27, 2024 · China has banned for-profit tutoring in core education to rein in the country’s private education industry and improve school-life balance for families. Dezan Shira & Associates experts advice foreign-invested enterprises to stop if they are engaged in for-profit tutoring in core education and change their registered scope of business ... WebMay 18, 2024 · In a joint statement Tuesday, three Chinese industry groups overseeing the financial sector announced that bank and payment institutions can not conduct business related to cryptocurrencies,... phone repair shop lakeside