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Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said. .....»»

Virtual currencies can't be used to conduct business as they don't have real value, China's central bank said. Jaap Arriens/NurPhoto via Getty Image.....»»

China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary policy by influencing the cost of borrowing.....»»

Alibaba stock slid in early trading this morning after China cracked down on Ant Group. The People’s Bank of China ordered Alibaba’s Ant Group to return to its payment processing roots. That .....»»

The Federal Reserve lifted the amount of temporary cash it’s willing to provide markets as pressure intensifies for the U.S. central bank to tackle the risk of a worldwide credit crunch. The Federal... To view the full story, click the title link......»»

As the novel coronavirus outbreak continues to batter China, the country's central bank has implemented a new strategy to contain the virus -- deep cleaning and destroying potentially infected cash......»»

As the novel coronavirus outbreak continues to batter China, the country's central bank has implemented a new strategy to contain the virus -- deep cleaning and destroying potentially infected cash......»»

China Photos/Getty Images The People's Bank of China announced it will begin destroying notes collected by hospitals, buses, and markets in coronavirus-addles locales, financial news outlet Caixin .....»»

Demand for short-term funding from the Federal Reserve is still running high ahead of the typical year-end cash crunch, even as the central bank has poured more than $320 billion into financial markets to keep credit flowing......»»

The market’s overreaction to President Xi’s praise of blockchain technology has prompted another crackdown, dashing hopes for a crypto-friendly China......»»

Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them. Ciara Lee reports.....»»

Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them. Ciara Lee reports.....»»

Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them......»»

China Crackdown Sparks Crypto Carnage: Bitcoin Breaks Below $7k To 6-Month Lows The crypto space is a sea of red this morning (and the week) after another dramatic leg lower across all the coins... Source: Coin360 Bitcoin Cash is leading .....»»

Despite online impostors claiming otherwise, the People’s Bank of China said the country’s stablecoin project is still in the testing stage with no date set for launch......»»

Weeks of turmoil in the overnight lending market forced the Federal Reserve to inject tens of billions of dollars......»»

The U.S. central bank had an embarrassing week, after a liquidity crunch in a key funding market. China, by contrast, has a well-oiled routine. .....»»

China"s Central Bank: Financial Institutions Aren"t "Cash Machines".....»»

China's central bank could hasten development of its own digital cash to counter the threat posed by Facebook's Libra cryptocurrency, an official says......»»

A Cash Crunch Is the Ugly Face of India’s Bank Morass: Gadfly.....»»