Emerging Technologies Law is a blog by William Ting which examines 21st century legal, business & Social tech issues.

China to ban bitcoin/renminbi exchanges

China to ban bitcoin/renminbi exchanges

 preserving the sovereignty of the renminbi (Getty Images license)

preserving the sovereignty of the renminbi (Getty Images license)

     Yesterday it was reported that China plans to ban domestic bitcoin/renminbi exchanges. Will this help prepare the way for the eventual introduction of the virtual fiat renminbi (by decreasing the influence of private cryptos)?

     A week ago, China also banned domestic ICOs. Will these policy decisions persuade other governments to crack down on cryptos to assert central control?

     It seems that China has a greater incentive to regulate cryptos because it has been developing and testing the virtual fiat renminbi. 

     For detailed analysis of this news, see https://www.emergingtechlaw.org/analysis/a-clash-of-coins820179 

#Virtualmonies #virtualfiatcurrency 

Are Your Trade Secrets in These Earrings?

Are Your Trade Secrets in These Earrings?

Smart cars in the regulatory fast lanes

Smart cars in the regulatory fast lanes