After cracking down on cryptocurrencies, China wants regulatory framework to support digital tokens - CNBC
15/09/2017 Link to sourceAfter cracking down on cryptocurrencies, China wants regulatory framework to support digital tokens A senior executive at China's internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on virtual tender such as bitcoin. Li Lihui ...
Context
China The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy. | |
Bitcoin Foundation The Bitcoin Foundation was launched in September 2012 to accelerate the global growth of bitcoin through standardization, protection, and promotion of the open source protocol. | |
Bitcoin Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. | |
Web This relates to special considerations for use of the internet or web as a channel for extending digital money services. | |
Digital Money in China 2015 An immense change has taken place in mainland China over the last 5 years over which we have carried out in-depth studies of this market. This positioned China as the largest online retail market in the world, and a leader in the use of Digital Money. | |
Bitcoin Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collect |