People’s Bank of China Released A New Warning Calling ICOs and Cryptocurrencies as “Harmful”

The People’s Bank of China (PBoC) issued a new warning to its citizens regarding Initial Coin Offerings (ICOs) and crypto coins, in general. ICOs have been banned on Chinese territory for more than a year, and activities related…

Bank Of China And UnionPay Teamed Up To Develop A Payment Solution Based On Cryptocurrency Technology

The Bank of China, one of the leading state-owned commercial banks in China, signed an agreement with the UnionPay financial services corporation to develop payment solutions using cryptocurrency technology. The announcement on this subject explains that a one-month…