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.

March 23rd, 2018

The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.

January 16th, 2018

China is planning to completely ban activity of centralized cryptocurrency exchanges, targeting websites, mobile apps, people and businesses that provide exchange-like services.

January 10th, 2018

Local miners from China are facing tough times as the government pushes ones, who are using cheap electricity, out of business.

November 6th, 2017

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.

September 15th, 2017

Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.

September 15th, 2017

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.

September 12th, 2017

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.

September 5th, 2017

The city-state of Singapore is likely to become favored ICO destination for blockchain startups following the initial coin offerings ban issued in China.

Bitcoin Price Falls Below $4,300 After China’s Central Bank Banned All ICOs
September 4th, 2017

A significant Bitcoin drop by 13.6% has occured today after its historical maximum $4975 on September 2.

September 4th, 2017

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.

People’s Bank of China Launches Research Institute to Study Blockchain Technology
January 30th, 2017

The institute will focus on the ability of the blockchain to settle real-time transactions in a secure and fast way.

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.

January 9th, 2017

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