Latest News for: Renminbi law

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China bars foreign curriculum, ownership in some private schools

Metro USA 17 May 2021
BEIJING (Reuters) – China’s State Council announced new laws halting the teaching of foreign curriculum in schools from kindergarten to grade nine (K-9) and prohibiting the ownership or control of any private K-9 schools by foreign entities. The laws, which will come into effect on Sept ... ($1 = 6.4308 Chinese yuan renminbi.
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China bars foreign curricula, ownership in some private schools

Reuters 17 May 2021
The new law, which comes into effect on Sept ... Members of the board of directors or any other decision- making body at a private K-9 school must be Chinese nationals and must include representatives from the regulators, according to the Private Education Promotion Law published on Friday on a government website ... ($1 = 6.4308 Chinese yuan renminbi.
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Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official

Bitcoin 24 Mar 2021
Although the payment departments of telecom operators are also involved in the research and development of digital renminbi, according to the current national laws and regulations, telecom operators are not allowed to disclose mobile phone customer information to third parties such as the central bank.
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TikTok’s Chinese version Douyin sued Tencent for monopolistic behaviour

Metro USA 02 Feb 2021
... chat apps which should be prohibited by anti-monopoly law, ByteDance added. ($1 = 6.4561 Chinese yuan renminbi).
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Ex-chairman of China’s Huarong Asset Management sentenced to death

Metro USA 05 Jan 2021
He was also convicted on a charge of bigamy. Lai was expelled from the ruling Communist Party in 2018 ... Schneps Connects ... Subscribe.. RSS iTunes Spotify Stitcher ... “The social harm was huge and the crimes were extremely serious and he should be severely punished according to law,” the court said. ($1 = 6.4614 Chinese yuan renminbi) ... .
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Ex-chairman of China Huarong Asset Management sentenced to death

Metro USA 05 Jan 2021
Lai, who was expelled from the ruling Communist Party in 2018, was also convicted on a charge of bigamy. Reuters was unable to contact Lai or his lawyer for comment ... “The social harm was huge and the crimes were extremely serious and he should be severely punished according to law,” the court said. ($1 = 6.4614 Chinese yuan renminbi) ... .
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Ex-chairman of China's Huarong Asset Management sentenced to death

Yahoo Daily News 05 Jan 2021
Read full article. 5 January 2021, 10.20 am·1-min read ... He was also convicted on a charge of bigamy. Lai was expelled from the ruling Communist Party in 2018 ... "The social harm was huge and the crimes were extremely serious and he should be severely punished according to law," the court said. ($1 = 6.4614 Chinese yuan renminbi) ... TRENDING ... .
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China’s cryptocurrency journey explained

Cryptopolitan 29 Dec 2020
China and cryptocurrency law. In October 2020, China drafted a law that made the digital Yuan legal while its competitors were outlawed ... The law stated that the People’s Republic of China’s main currency is the Renminbi, which now exists in digital and physical form ... Anyone who breaks the law will get a fine, and their trading will cease.
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Major step forward for digital renminbi: China Daily

Straits Times 15 Dec 2020
This marks a major step forward for the official launch of the digital renminbi, and signals the momentum is picking up pace ... At the forefront of this trend, China started testing a digital currency as early as 2014, and it is considering revising its bank law to pave the way for issuing of the digital renminbi.
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Striving forward toward cashless society: China Daily editorial

China Daily 14 Dec 2020
This marks a major step forward for the official launch of the digital renminbi, and signals the momentum is picking up pace ... At the forefront of this trend, China started testing a digital currency as early as 2014, and it is considering revising its bank law to pave the way for issuing of the digital renminbi.
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E-commerce Giant JD.com Starts Accepting Digital Yuan on Its Platform

Coinspeaker 07 Dec 2020
This will be one of the major giveaways to nearly 100,000 customers ... Back in October 2020, the People’s Bank of China (PBoC) proposed a law that recognizes Renminbi in both physical and digital forms. Besides, the law also bans all third-party digital currencies from private players ... next ....
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Chinese E-Commerce Giant Allegedly Becomes First Online Platform To Accept CBDC

Koinpost 05 Dec 2020
The Suzhou Lottery For 200 Digital Yuan ... Apparently making the ground for the unveiling of the CBDC, China’s central bank suggested a banking law in the month of October, identifying the renminbi in both physical and digital forms ... Image by Tumisu from Pixabay. ....
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Digital yuan gaining wider currency

China Daily 09 Nov 2020
Because DC/EP is not from the private sector, but permitted by the nation's law to be circulated within the national jurisdiction, it has attracted attention from all over the world ... Toward this end, the PBOC has started consultations with the public to revise a related law for clarity that "the renminbi has both physical and digital types".
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PBoC governor says digital yuan’s pilot has done 4M transactions so far with $300M

The Block 02 Nov 2020
Last month, the PBoC published a draft revision to the current central banking law, which seeks to legalize the status of Renminbi in a digital form and prohibit the issuance of any other form of digital tokens that aim to replace the circulation of Renminbi ... ��2020�The Block Crypto, Inc. All Rights Reserved ... ....
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PBoC governor claims the bank has processed 4M digital yuan transactions

Invezz 02 Nov 2020
Prior to this, PBoC published a notice, seeking to revise China’s current banking law ... In the publication, the bank proposed to amend article 19, section 3 of the law to feature the wording that renminbi includes both a physical form and digital form.
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