There are plenty of rumours about Chinese cryptocurrency regulations nowadays. This one is about PBOC drafting package for financial market opening, reported by bloomberg.com.
Thus, according to the article, China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry.
While the details of the plan have yet to be clarified, it is believed that it may include permission for foreign institutions to control their local finance-sector joint ventures, as well as raising the current 25 percent ceiling on foreign ownership in Chinese banks. It may also allow foreign firms to provide yuan-denominated bank card clearing services.
PBOC is to hold a meeting on Tuesday to discuss the preliminary plan of big financial liberalisation measures. This is pretty big news for the cryptocurrency world, as well.