According to the PBoC’s researcher, the introduction of a centralized digital currency will bring substantial changes to the future of the world’s financial industry.
Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.
Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.
The People’s Bank of China recently announced its decision to introduce a complete ban on ICOs, a stunning move that sent shockwaves throughout the world. The global blockchain is abuzz, parsing this decision and its potential consequences.
The city-state of Singapore is likely to become favored ICO destination for blockchain startups following the initial coin offerings ban issued in China.
A significant Bitcoin drop by 13.6% has occured today after its historical maximum $4975 on September 2.
The People’s Bank of China (PBoC) banned initial coin offerings (ICOs) declaring them illegal, and asked all related fundraising activity to be halted immediately.
The institute will focus on the ability of the blockchain to settle real-time transactions in a secure and fast way.
China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.
The Chinese government seriously intends to keep its money at home.
Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.
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.