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.

China’s Bitcoin Exchange Need to Stop Trading Virtual Currencies Amid Crackdown
September 15th, 2017

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

OKCoin and Huobi to Meet Regulators Today, Says Litecoin Creator Charlie Lee
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.

‘Chinese ICO Ban Is Not Quite What It Appears,’ US Blockchain Attorney Explains
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.

Singapore Will Become Even More Hot ICO Destination After ICO Ban in China
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.

‘Black Monday’: The People’s Bank of China Declares ICOs Illegal
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.

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.