Peoples Bank of China

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.

China Central Bank Pushes For Rational Investment in Bitcoin
January 6th, 2017

The People’s Bank of China emphasized that bitcoin is not a currency and can’t circulate in the market as a real currency.

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.

Bitcoin Price Hits 2-year High as China Expects Further Yuan Devaluation
June 2nd, 2016

As Chinese exchanges control around 95 percent of all bitcoin trading, this country has a significant impact on bitcoin operation all over the world.

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

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

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.