pboc

Bitcoin is Declining as Chinese Government Decides to Crack Down on Bitcoin Exchanges
January 10th, 2017

Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.

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.

Chinese Bitcoin Exchange FXBTC to Close Citing Central Bank Pressure
May 3rd, 2014

Chinese bitcoin exchange FXBTC is set to be closed on May 10th due to the growing restrictions from the People’s Bank of China.

Shanghai Gets China’s First Bitcoin ATM Amid Bank Crackdown
April 16th, 2014

Anyone in China with a smartphone can now act as a bitcoin ATM with BTC China’s new mobile app that lets users buy and sell bitcoins in different major world currencies.

Major Chinese Bitcoin Exchanges Prepare to Move Operations Overseas
April 11th, 2014

In case PBOC (People’s Bank of China) decides to tighten the restrictions of financial services that are operating with industry, major Chinese bitcoin exchanges will be ready to move their operations.