People’s Bank of China

The People’s Bank of China (PBOC) is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The People’s Bank of China has more financial assets than any single public institution, and is second only to the Federal Reserve System of the United States in terms of overall central bank assets.

Bitcoin Price Falls 10% as China’s Central Bank Starts Investigation of Exchanges
January 11th, 2017

China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.

China Looks to Stem Outflows as Authorities Zero In On Bitcoin
January 9th, 2017

The Chinese government seriously intends to keep its money at home.

Bitcoin Price Leaps to $745 as Chinese Yuan Reaches Eight-Year Low
November 17th, 2016

Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.

Bitcoin Price Rises as China Launches Crackdown on Wealth-Management Products
October 27th, 2016

Bitcoin has reached its highest value in the past three months, while Chinese central bank is tightening its control over the wealth management product funds.

Tokyo-Mitsubishi UFJ Bank Develops Own Digital Currency
February 2nd, 2016

The cryptocurrency called MUFG coin will reduce managerial costs and transaction fees.

People’s Bank of China Plans to Launch Its Own Digital Currencies
January 20th, 2016

China’s central bank on Wednesday announced that it will try to issue digital currencies ‘as soon as possible’ to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply.

Bitcoin Price Crashes Below $300
January 4th, 2015

Last year was hard for bitcoin. The value of virtual currency recorded a decline of 60% since January 2014. At that time Bitcoin was traded at $1,000 and now – at $267.

‘Gold for Nerds’: The True Story of Bitcoin
December 21st, 2014

“Bitcoin is gold for nerds. It is something that a whole new generation of people believe in. The online nature of their lives and their economy, and so bitcoin, resonates with them.” — Nicholas Colas, Convergex

Bitcoin Price Drops to $310 But Why It’s Really Good News
October 5th, 2014

Recent bitcoin decrease could really be good for the crptocurrency future development.

The Largest Cryptocoin Exchange BTC China Launches USD and HKD Trading
July 22nd, 2014

The Shanghai-based bitcoin and litecoin exchange has launched support for USD and HKD deposits and withdrawals to attract customers from the international community.

Banks in China Must Identify and Eliminate Bitcoin Activities, Says PCAC
June 17th, 2014

The Payments and Clearing Association of China (PCAC) advises banks to eliminate bitcoin-related activities by using prevention methods.

ICBC, the World’s Largest Bank, Blocked Bitcoin in China
May 9th, 2014

The Industrial and Commercial Bank of China (ICBC) joins a host of other Chinese banks that will prohibit bitcoin businesses.

BTC China Suspended Yuan Deposits from Bank of China
May 7th, 2014

China’s major virtual-currency exchange BTC China has suspended yuan deposits from the Bank of China, according to a tweet sent from its account.