(Reuters) – The Chinese government is pushing domestic banks to remove high-end servers made by International Business Machines Corp and replace them with a local brand, the latest move by Beijing over U.S. spying claims, Bloomberg reported on Tuesday. The news comes a day after China accused the United States of unscrupulous cyber surveillance that […]
BTC China, one of the countrys leading digital currency exchanges, has installed Chinas first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. But a subsequent crackdown by the Peoples Bank of China (PBOC) has seen […]
Chinas central bank is considering regulations that would significantly limit the use of third-party payment systems, including the payment arms of Alibaba Holding Group and Tencent Holdings Ltd. The Peoples Bank of China released draft rules last week to major banks for consultation, state media reported on Monday. They would also heavily limit spending by […]
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