Tech start-ups are raising capital by issuing cryptocurrencies, but regulators are starting to smell a rat. How kosher is the new market, and is it worth the risk?
While the People’s Bank of China hopes cuts to its reserve rate ratio will inject liquidity into the SME market, the fundamentals still weigh heavily against it.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
Initial coin offerings have grown fast and furious as a form of fund-raising, but some argue a ban by Beijing might just be the start of a new dawn for virtual currencies