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cash transactions – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Tue, 07 Jul 2020 18:25:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png cash transactions – DIGIT INFO https://www.digit.info 32 32 Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions https://www.digit.info/escalating-bank-runs-spur-chinese-government-to-require-approval-for-large-cash-transactions/ Tue, 07 Jul 2020 18:25:56 +0000 https://www.digit.info/2020/07/07/escalating-bank-runs-spur-chinese-government-to-require-approval-for-large-cash-transactions/ Read more]]>

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash TransactionsA series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction. China’s Efforts to Prevent Bank Runs […]

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