Head of China’s central bank is set to resign amid a reorganisation
Yi Gang, the head of China’s central bank, is expected to resign after being expelled from an elite committee of the country’s Communist Party, according to sources close to the institution. A previous central banker is seen as the front-runner to follow him. Yi, 64, has been the focus of significant speculation regarding his likely […]
After China central bank vows to crack crypto trade, Bitcoin slips
Bitcoin fell nearly 5% after China’s central bank said that it would crack down on cryptocurrency trading. From providing services to mainland investors, they have banned the overseas exchange. The largest cryptocurrency was last down 4.6% at $42,874. This fall down is with smaller coins that typically trade in tandem with bitcoin also tumbling. Ether fell over […]