• Written by: (Blockchain News
  • Wed, 08 Mar 2023
  •   Hong Kong

China is introducing a new national financial regulator as part of a governmental overhaul. The current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished, and its responsibilities will be moved to a brand new administration. The new financial regulator will "strengthen institutional supervision, supervision of behaviors and supervision of functions." There was no specific mention of reforms for the crypto industry. (Read More)

China announces new financial regulator in governmental overhaul