Chinese Regulators Shut Down Bonds Market Trading To Avoid Complete Collapse
To put this into perspective, the 10-year Chinese Treasury bond future crashed by 2%. The Chinese government has made yet another decision that makes their economy look weaker. Trading in bond future sis no longer possible every since the market crashed in spectacular fashion. It only took the market a few hours to wipe out all bonds market gains made in the past 18 months. China has a volatile market, and it looks like things go from bad to worse. It was not entirely unexpected the Chinese bonds market would collapse sooner or later. The PBOC has been making very strange decisions as of....
Related News
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down Bitcoin, Says Ark’s CEO Ark Invest CEO Cathie Wood shared her view on bitcoin, its regulation, and environmental impact at the Consensus 2021 conference Thursday. The CEO said that bitcoin is “already on its way and it’ll be impossible to shut it down.” She added that....
China Construction Bank, one of the “big four” banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange. Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital security issued by a Chinese bank on a blockchain, the publication added, noting: The deal also allows investors to trade these China Construction Bank’s digital....
"The Chinese government is surprisingly open about the cryptocurrencies", says Roland Sun, the head legal expert for ZAFED and the Chinese crowdfunding platform DACx. The Chinese government has maintained a lenient stance on Bitcoin and other cyrptocurrencies. While Hong Kong lawmakers used the MyCoin debacle to demand a ban on the digital currencies, the government refused to shut down Bitcoin shops and continues to allow spot, futures and derivatives trading on Bitcoin and like currencies on numerous exchanges. The regulatory authorities are much more relaxed in China than their....
China has shut down many underground cryptocurrency apps. A total of 13 underground trading applications have shut down after putting a ban on them for almost one year. As suggested by reports, China, which happens to be the world’s second-largest economy, has called crypto-related transactions illegal. China regulators have taken down 23 crypto-media websites and […]
Misleading information on the status of the Chinese Bitcoin exchange market led to a significant decline in the price of Bitcoin. Yet, some markets remain unaffected, including India, which demonstrated an all-time high value of Bitcoin at $1,080. Inaccurate media reports on the relationship between Chinese Bitcoin exchanges and local regulators created false speculations that major Bitcoin exchanges including BTCC, Huobi and OKCoin were under scrutiny. Bitcoin has already begun to recover after various reports were shut down by both the Chinese government and local Bitcoin exchanges. In....