The rise of a little known cryptocurrency firm reflects the influence China continues to hold over the crypto world.
Wanxiang executive Xiao Feng at the Fourth West-Lake Summit on Global Alternative Investment Fund, May 20, 2018. Credit: West-Lake Summit
When Aaron Kaplan, the co-chief executive of New York-based cryptocurrency company Prometheum, testified in front of Congress in June, he caused quite a stir among the watching crypto community.
During his testimony, Kaplan revealed that the little-known firm, founded in 2017, had received the first license under Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) guidelines to operate as a digital asset securities broker-dealer. This move to effective
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
