China: Bank of China Notice "Strengthening the Management of Payment Acceptance Terminals and Related Businesses"
Progress
Current status
under deliberation
22 Feb 2022 under deliberation
13 Oct 2021 adopted
Scope
Implementers
China
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Amended Bank of China Notice on the Management of Payment Acceptance Terminals
The Payment and Clearing Association of China, chaired by the Bank of China's chair, published an announcement on "optimizing barcode payment services". The Announcement amends the previous notice "Strengthening the Management of Payment Acceptance …
Event type
order
Action type
amendment
Government branch
executive
Government body
central bank
Adopted Bank of China Notice on the Management of Payment Acceptance Terminals
The Bank of China adopted a notice on "Strengthening the Management of Payment Acceptance Terminals and Related Businesses". With the aim to stop money laundering and other illegal activities, the notice obliges all merchants in China to use "busine…
Event type
order
Action type
adoption
Government branch
executive
Government body
central bank