As a time-consuming, labor-intensive and low-yield task, coin sorting is by no means a premium business for banks.

硬币分拣作为一项耗时、劳动密集、收益率低的任务，对银行来说绝非优质业务。

In 2017, authorities issued a ban on initial coin offerings and existing cryptocurrency exchanges, which has remained in place ever since.

The smallest apparel she has ever created measures no larger than a 1-yuan coin.

On the other side of the coin, the long-term peace has perpetuated GDP champions among nations and widened the global gap between rich and poor, resulting in severe socioeconomic structural distortions.

According to Louise Street, WGC's senior markets analyst, jewelry demand is expected to continue exceeding last year's levels, but investment demand in total will be weaker in 2021, despite healthy bar and coin demand.

Besides a New Year commemorative coin, the People's Bank of China will issue one coin to celebrate the 100th anniversary of the founding of the Communist Party of China, said a statement on the website of the central bank.

Sales of gold jewelry reached 189.61 tons in the first quarter, a year-on-year increase of 12.29 percent, while gold bars and coin sales totaled 83.87 tons, up 20.47 percent year-on-year.

The association added that gold jewelry consumption grew 12.29 percent year-on-year to 189.61 tons in the first quarter, while gold bar and gold coin demand increased 20.47 percent to 83.87 tons.

Gold jewelry consumption increased by 12.29 percent year-on-year to 189.61 tons, while gold bar and gold coin demand rose by 20.47 percent on the year to 83.87 tons.

According to the WGC, in the third quarter, the gold bar and coin market showed a significant recovery, with a total volume of 70 tons, up 87 percent quarter-on-quarter and 8 percent year-on-year.

Investors sought to hedge inflation with bar and coin investment, driving total retail demand up 36 percent year-on-year.

In addition, there has been a greater push from commercial banks in bar and coin sales as their other retail gold business remains restricted, a dynamic that could impact gold demand in China this year, the council said.

While much attention has been paid to the default risks of Chinese real estate developers amid the country's deleveraging moves, few have noticed the other side of the coin: There has been solid headway made in resolving the sector's long-lasting debt problem.

China's central bank will issue a commemorative coin next Friday to celebrate the coming Chinese zodiac Year of the Ox.

The round, copper-alloy coin is 27 mm in diameter and has a face value of 10 yuan (about $1.55), said the People's Bank of China.

The front side of the coin shows its face value and the year of issuance, while the reverse side features an ox raising its head.

Since cutting its first steel sheet on Oct 18, 2019, the Vista-class vessel held its coin ceremony and started hull erection and is projected to enter its most critical phase in construction in the fourth quarter of this year.

StarMoly, another IP developer that owns the IP rights to more than 30 emoji symbols, including Moer the raccoon, Quby the baby, Waang the egg and Xiao the cat, has developed its own derivative products including smartphone cases, coin purses and books.

As every coin has two sides, so too does the Internet.

The digital renminbi wallet module is lighter than a coin and can be easily embedded in various wearable devices such as smartwatches, badges and cards.

A network of tech-savvy users known as miners pour their computing power into maintaining the blockchain and verifying its transactions, ensuring that someone cannot spend the same coin again after paying for something with it.

But, to treat this as a problem would be a folly because the other side of the coin is that the situation represents a potential gold mine as it has immense potential for development and future growth, he said.

In 2017, the government banned so-called "initial coin offerings" or ICOs, a way for startups to raise funds by selling off newly-created digital currencies.

Although China has implemented regulations in recent years to ban technologies such as initial coin offerings and cryptocurrency exchanges, its support for blockchain, as well as artificial intelligence, was highlighted in the 13th Five-Year Plan (2016-20) for national development.

Gold bar and coin sales totaled 66 tons in the first quarter, up 34 percent year-on-year (7 percent quarter-on-quarter).

China has also seen its gold bar and coin markets ballooning, with demand for the bars and coins growing from 12 tons in 2004 to 218 tons in 2022.

The banks and Alipay all expressed their commitment to tightening supervision of fund transfers and forbidding some services, including payments and settlements, related to cryptocurrency trading and initial coin offerings.

They and Alipay all posted responses late on Monday to tighten supervision on fund transfers and forbid services, including payment and settlement, related to cryptocurrency trading and initial coin offerings.

Each set includes three 8-gram gold commemorative coins, five silver coins and one two-color copper alloy coin.

The two-color copper alloy coin has a par value of 10 yuan.

However, it recovered to around $39,000 on Wednesday afternoon after Tesla CEO Elon Musk said on Monday he was having active discussions with bitcoin miners regarding the sustainability of the digital coin.

The company response came at a time when bitcoin prices had clawed back to $35,332.98 on Monday afternoon after falling by nearly 16 percent to $31,772.43 on Sunday, according to data from Coin Metrics, an information service platform for cryptocurrencies.

Ethereum, another widely traded cryptocurrency, dropped by 5.23 percent from a day earlier to $2,117.33 on Monday, while Dogecoin, a cryptocurrency that started as a joke and has been talked up by Tesla CEO Elon Musk, fell 9.87 percent to $0.308, Coin Metrics showed.

The authorities closed all cryptocurrency exchanges in China in 2017 and banned initial coin offerings, which allowed enterprises to raise funds by issuing new digital tokens.

"The gold coin, which is 90 mm in diameter, contains 1 kg of pure gold and has a face value of 10,000 yuan ($1,427.98), with a maximum issuing limit of 100.

In 2017, the government banned so-called "initial coin offerings" or ICOs, a way for startups to raise funds by selling off newly created virtual currencies.

The central bank, instead, would provide trust to the system by requiring that coins be fully backed by central bank reserves, and by supervising the coin issuers.

The same year, the government also banned so-called initial coin offerings, or ICOs; a way for startups to raise funds by selling off newly created digital currencies.

But as the old saying goes, one coin has two sides.

In 2017, the government banned so-called "initial coin offerings" or ICOs, a way for startups to raise funds by selling off newly created digital currencies.

"Blockchain does not equal to virtual currency, and the policies to crack down on virtual currency and initial coin offerings (ICOs) remain unchanged," said the source.

But it seeks to stabilize the price of the "coin" by linking its value to that of an asset pool.

"Even for a stable coin, no matter whether it is pegged to one currency or a basket of currencies, when used in cross-border payments the process is complicated since the account holders need to convert their currency to the pegged currency basket and vice versa," Moon said.

His company TRON, an internet blockchain technology company, raised funds worth 400 million yuan through an Initial Coin Offering — an illegal financing method that has been banned by Chinese financial regulators — according to a Chinese-language report from the 21st Century Business Herald.

The year 2017 saw more than $4 billion being raised through initial coin offerings or ICOs around the world.

China's central bank is carrying out new measures to ban initial coin offerings and virtual currencies on Tuesday, aiming to maintain the country's financial market stability.

The regulators will closely monitor initial coin offerings, or ICOs, as well as ICO variants.

Some criminals raised funds illegally in the name of financial technology innovation, using more concealing measures such as initial coin offerings or virtual currencies, said Gong Yan, deputy director of the legal affairs department at the People's Bank of China, the central bank.

"Like the two sides of the coin, it is encouraging for financial institutions to provide green credit and services, but risk management is the core for the financial activities, which needs unified standards to select qualified investment targets and tight regulations for credit disbursal," said Li Xiaowen, an official from the policy research bureau of the China Banking and Insurance Regulatory Commission.

"In September 2017, China banned trading platforms from cryptocurrency trading and called for a halt to raising funds via initial coin offerings.

Some criminals raised funds illegally in the name of financial technology innovation such as initial coin offering or virtual currencies, said Gong Yan, deputy director of the legal affairs department at the People's Bank of China, the central bank.

Last September, Chinese authorities including the People's Bank of China (PBOC) ordered a ban on initial coin offerings, in which technology start-ups issue their own digital coins to investors to access funds, and shut down all virtual currency exchanges in the country.

Yang's comments follow reported plans by the PBOC and other financial regulators, to rein in cross-border fund outflows through financial transactions related to cryptocurrencies like bitcoin (which was invented in 2009, the first type of digital coin and the most popular one) and initial coin offerings or ICOs (which are used by tech startups mainly to raise funds in the manner of initial public offerings).

Chinese authorities have ordered a ban on initial coin offerings last year and stopped direct trading between bitcoin and yuan as the rapidly expanding market spawned concerns over financial risks.

The central bank has banned initial coin offerings last year as part of effort to prevent risks and prevent illegal fund-raising, according to Zhou.

As every coin has two sides, we must strike a balance between the convenience and potential risks brought by innovation.

Last September, authorities ordered a ban on initial coin offerings and shut down all virtual currency exchanges in the country, as the rapidly expanding market, attracting both innovators and scammers, spawned concerns over financial risks.

Regulators ordered a ban on Initial Coin Offerings and shut down all virtual currency exchanges in the country.

Wang said Loopring generates revenue to pay its expenses through what is called an initial coin offering or ICO.

The coin offerings represent a way for start-ups like Loopring to raise money without selling stock or seeking private funding.

China's central bank said it will tighten regulations on domestic investors' participation in overseas transactions of "initial coin offerings" (ICOs) and virtual currency as risks are still high in the sector.

Regulators ordered a ban on Initial Coin Offerings and they shut down all virtual currency exchanges in the country.

A leading Chinese Internet finance guild has warned domestic investors about risks in trading overseas "initial coin offerings" (ICOs) and virtual currency transactions.

It said the model, through which the LinkToken has been offered, "is essentially an activity of fundraising, and it is a form of disguised initial coin offering (ICO)".

A Chinese industry association has cautioned against risks from the so-called "initial miner offerings" (IMOs), saying they are disguised digital coin fundraising that has been completely halted in the country.

The model became popular after financial regulators including the central bank banned initial coin offerings (ICOs) in September.

In September, authorities ordered a ban on Initial Coin Offerings, a controversial digital coin fundraising scheme, and shut down all virtual currency exchanges in the country, as the rapidly expanding market, attracting both innovators and scammers, spawned concerns over financial risks.

The general consensus among equity analysts, international investors and asset managers is that the new year would not see any Chinese marketocalypse, to coin a word.

Rogers said he had not invested in any virtual currencies or initial coin offerings yet but he believes the form of money will change dramatically in the next 10 to 20 years and digital currencies issued by governments are possible in the future.

While Initial Coin Offerings (ICO) have been banned by Chinese authorities since Sept 4, experts, scholars, and companies from more than 40 countries gathered at a workshop in Beijing, the country's capital city, from Thursday to Friday, to chart a course for digital fiat currency issued by central banks.

"After trading the coin for seven months, I would say it felt more like gambling than investment, so I quit", said Zhao Shenghai, an investor from Zhoushan, Zhejiang province.

The move came after China's central bank ordered a complete halt on Initial Coin Offerings (ICOs) on Sept 4, a digital coin fundraising scheme, in which technology start-ups issue their own digital coins, or tokens, to investors to access funds.

The People's Bank of China, the central bank, ruled earlier this month that initial coin offerings are illegal, as it has become a tool to raise funds bypassing the traditional regulatory system.

Earlier this month, China ordered a ban on Initial Coin Offerings, a nascent form of fundraising in which technology start-ups issue their own digital coins, or "tokens", to investors to access funds as the rapidly expanding market spawned concerns over financial risks.

Chinese authorities last week ordered a ban on Initial Coin Offerings, a nascent form of fundraising in which technology start-ups issue their own digital coins, such as bitcoin, to investors to access funds as the rapidly expanding market spawned concerns over financial risks.

[Photo/VCG]China's recent ban on initial coin offerings is not expected to deter the commercial usage of blockchain technology, analysts said.

China's ban on Initial Coin Offerings (ICOs), a digital coin fundraising scheme, was only part of a broader campaign to curb the country's financial risks.

Initial coin offerings, raising funds through the launch of token-based virtual currencies, have been banned in China, according to an announcement made by several authorities on Monday.

All kinds of initial coin offerings should be stopped immediately and those organizations and individuals who have already completed ICOs should offer refunds, protect investors' rights and handle risks properly.

The price of crypto-coins fell sharply after the ban, with Bitcoin's price falling around 12 percent to $4,018 on Tuesday, and Ethereum's price declining some 32 percent to $232, according to virtual coin trading platform btctrade.

"Tighter regulations are likely to be launched in the near future as regulators are already seeking opinions from market players and have arranged talks with platforms," said an executive technology officer with one of the major virtual coin trading platforms in China who declined to disclose his employer's name.

Chinese authorities on Monday ordered a ban on Initial Coin Offerings (ICOs), a nascent form of fundraising in which technology start-ups issue their own digital coins, or "tokens", to investors to access funds as the rapidly expanding market spawned concerns over financial risks.

The move came as media outlet Caixin reported on Monday that the leading work group for risk prevention in Internet finance had issued a notice asking local authorities to conduct thorough inspections of ICOs and halt new coin issuance.