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New developments on regulation of cryptocurrency in China

Wenhao Shen

Journal of Investment Compliance2021https://doi.org/10.1108/joic-11-2020-0045article
ABDC C
Weight
0.45

What the paper says

Purpose To describe recent regulatory developments in China on digital renminbi (RMB), initial coin offerings (ICOs), cryptocurrency holdings, cryptocurrency exchanges and blockchain technology. Design/methodology/approach Describes a digital RMB pilot program, seven government agencies’ bans on ICOs and cryptocurrency exchanges, the legality of holding and trading cryptocurrencies in China and the government’s endorsement of blockchain technology. Findings No PRC law or regulation prohibits Chinese investors from holding or trading cryptocurrencies but Bitcoin is defined as a virtual commodity, not a currency. Despite a ban on ICOs and cryptocurrency exchanges, the People’s Bank of China (PBOC) and other government agencies endorse blockchain technology as long as its goal is to service the real economy. Originality/value Expert guidance from lawyer with experience in foreign investment, cross-border mergers and acquisitions, capital markets, fund formation and venture capital and private equity investments in China.

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https://doi.org/https://doi.org/10.1108/joic-11-2020-0045

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@article{wenhao2021,
  title        = {{New developments on regulation of cryptocurrency in China}},
  author       = {Wenhao Shen},
  journal      = {Journal of Investment Compliance},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.1108/joic-11-2020-0045},
}

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Evidence weight

0.45

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.