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China central bank closes software firm for crypto trading

7 iulie 2021

A Beijing-based software firm has been closed down by China’s central bank because of its suspected involvement with crypto trading. The software firm, Beijng Qudai Cultural Development, was ordered to suspend operations and deactivate its website, according to Finextra.

A statement from the People’s Bank of China added that companies in Beijing are prohibited from providing venues, commercial displays or advertising for cryptocurrency-related businesses. 

The move comes amid a clampdown from Chinese authorities on tech firms as well as crypto companies. In recent days, the Cyberspace Administration of China has targeted US-listed tech companies for alleged violations of China’s national security and cyber security laws.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?