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China to push reforms with new financial watchdog

0xMain
March 7, 2023

China, Financial, Hacking, push, reforms, watchdog

China will establish a new federal financial regulatory body to replace its current banking and insurance watchdog, following plans for developing a national data bureau unveiled recently. The legislature may vote on reforms soon According to the proposal for financial regulation made to...

Huobi to expand in HK, anticipates loose China crypto stance

0xMain
February 10, 2023

anticipates, China, Crypto, expand, Hacking, Huobi, loose, stance

The Huobi crypto exchange plans to increase its presence in Hong Kong, believing that the city’s pro-crypto tilt could signal an eventual relaxation of mainland China’s longstanding ban on digital assets. The information was conveyed by Justin Sun, an advisor at Huobi, in...

Justin Sun claims China will implement crypto regulations through tax policies

0xMain
January 30, 2023

China, claims, Crypto, Hacking, implement, Justin, policies, regulations, Sun, tax

According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head...

Controversy surrounds crypto adoption in China

0xMain
January 25, 2023

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According to recent reports, there are still controversies based on improving tax integration of the crypto ecosphere in China. This is due to research and data collection from the state’s revenue authorities, who are against the assets and believe they are risk factors....