What’s at the center of the U.S.-China power struggle? Crypto

The way the U.S. can win is with bold thinkers and entrepreneurs pushing the limits of the system with responsible technological innovation.

• 2023-07-29
• global markets China Bank of China crypto cryptocurrency exchanges U.S. technological innovation America

Crypto’s Dream of an Embrace by China Gets a Reality Check

(Bloomberg) -- A shakeup at China’s central bank has poured cold water on speculation that the nation may be about to loosen a ban on digital-asset trading.Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DBSIndustry executives including Circle Internet Financial Ltd. Chief Executive J

• 2023-07-03
• Bloomberg Pan Gongsheng China mainland China Hong Kong Cameron Winklevoss Bank of China digital assets central bank PBOC

Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking

The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.

• 2023-06-20
• China Bitcoin Bank of China benchmark lending rates traditional markets

Hong Kong Monetary Authority urges banks to service crypto firms: Financial Times

HKMA is urging lenders including HSBC, Standard Chartered and Bank of China to service crypto exchanges. Financial Times reported on Thursday.

• 2023-06-15
• Hong Kong Monetary Authority Bank of China Hong Kong

Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients.

• 2023-06-15
• Hong Kong Monetary Authority Bank of China Standard Chartered HSBC Hong Kong crypto exchanges

Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban

(Bloomberg) -- Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China’s state-owned banks.Most Read from BloombergFirst Citizens Nears Deal to Buy Silicon Valley Bank, Sources SayBond Traders Go All-In on US Recession Bets That Defy Fed ViewPutin Ups the Ante With Nukes in BelarusGreenland Solves the Daylight Saving Time DebateChinese banks have been directly reaching out to crypto businesses over the

• 2023-03-27
• Hong Kong Signature Bank Bank of China bank account Shanghai Pudong Development Bank Bloomberg News Chinese bank banking services digital asset bank accounts Bloomberg