The National Procurators General Conference held on January 13 stressed that procuratorial organs will step up efforts to punish money laundering crimes and crack down on criminal activities of illegally transferring assets overseas using virtual currencies in accordance with the law. The meeting stressed that it is necessary to crack down on financial crimes strictly. Strictly crack down on financial crimes such as illegal fund-raising, loan fraud, financial fraud, and market manipulation in ac...
Lu Lei, deputy governor of the People's Bank of China, said at a press conference of the State Council Information Office on September 5 that China's research and development of a digital RMB system aims to create a new type of RMB issuance and operation system in digital form to meet the conditions of the digital economy. This is a comprehensive reform to support the development of China's digital economy, improve the level of inclusive financial development, and improve the operation efficienc...
In a conference call with the media on Thursday, Ms Daly said she was more convinced that easing monetary policy was sooner rather than later, given recent inflation and employment data. "Based on the information we have received so far, including data on employment, inflation, GDP growth and the economic outlook, I think some policy adjustments may be necessary," Ms Daly said. But Ms Daly declined to say what she thought the Wachovia...