NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

China Unveils Five-year Financial Regulation Plan

newsbtc
newsbtc
8 years ago
2 mins read
China Finance Regulation

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

China is planning to introduce some major changes in terms of market regulation. By the year 2020, China wants to address fake goods, food, and drug safety issues. Moreover, the government wants to impose more consumer protection measures, as there is a severe lack right now. An intriguing development, as this news goes to show some big changes are happening in the financial department. It remains unclear if this will have an impact on bitcoin in China, though.

It is evident China wants to strengthen its market regulation moving forward. right now, there are a lot of questions regarding the validity of official economic growth numbers. Moreover, consumer protection measures are hard to come by, a situation that needs to be addressed sooner rather than later. Fighting counterfeit goods is of the utmost importance as well.

More Financial Regulation For China

Even though most legitimate products are manufactured in China as well, it remains one of the world’s largest counterfeit regions. With materials cheap and easy to come by, knockoff products are almost as common as the real deal. Addressing this problem will not be an easy feat, but regulation seems to be the right way to go. It remains unclear what type of regulatory measures the Chinese government will introduce by 2020, though.

Setting out on such a five-year plan only confirms China’s commitment to improving the financial ecosystem. Market improvement goals should be a top priority for the government right now. Strengthening consumer rights and removing barriers to entrepreneurship will be two other key points of focus over the next few years.

Perhaps the most intriguing part of this announcement is how China wants to ensure “transparent market access rules”. Moreover, the government aims to improve the commercial registration system to ease market access. Up until now, it has been incredibly difficult for companies to enter the Chinese market, unless they could adhere to strict requirements. It appears China wants to ease up on that regulation, although specific details have yet to be confirmed.

For the time being, it remains unclear what this announcement means for bitcoin. The PBOC recently shook up the bitcoin exchange sector in China. As a result, platforms offer no or very limited margin trading opportunities right now. More regulation in this department can help legalize bitcoin as a currency, although it remains unclear if that is the plan. Strengthening market regulation sounds like a plan that might just favor cryptocurrency adoption in the long run.

Header image courtesy of Shutterstock

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for...

Sebastian Villafuerte 5 hours ago
SEC vertraagt SOL ETF – wat gaat Solana koers doen?

SEC vertraagt SOL ETF – wat gaat Solana koers doen?

Een week nadat d de Litecoin ETF is uitgesteld, krijgen we te horen dat de SEC de goedkeuring van een...

Lars Diederiksen 7 hours ago
XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound

XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound

XRP is holding above critical support levels after weeks of steady gains, but continues to face resistance below the $2.65...

Sebastian Villafuerte 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

Yohei Hanazato 7 minutes ago

Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why

Opeyemi Sule 44 minutes ago
Ethereum price

Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

Opeyemi Sule 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Ripple (XRP) holder benefits: Earn $93,600 a day through...

    2 hours ago
  • REVEALED: The Bitcoin Mining Secret Robinhood Users Use to...

    13 hours ago
  • Why XRP BTC DOGE Enthusiasts and Millionaires Stop Talking...

    13 hours ago
  • Bitcoin prices are skyrocketing, and using it to...

    19 hours ago
  • Robinhood users trade and mine with one click, earning...

    22 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.