bitcoin regulation china

The Industrial and Commercial Bank of China (ICBC) joins a host of other Chinese banks that will prohibit bitcoin businesses.

China’s Blanket Ban on Crypto Trading Doesn’t Mean Individuals Can’t Own Bitcoin
May 22nd, 2019

Bank of China’s Law Research Association declared that the ownership of Bitcoins is not considered illegal, although the ban for trading still remains in effect.

Individuals and Businesses in China Can Now Own and Transfer Bitcoin Legally
October 29th, 2018

Chinese ban is not a problem any more, as the Shenzhen Court of International Arbitration has recently recognized Bitcoin as a legal property.

China’s Control Over the Global Bitcoin Exchange Market has Fallen to 1 Percent
July 11th, 2018

China’s central bank is bragging about the fact that after its ban, it has successfully managed a zero-risk exit for all the previously operated ICO and crypto trading platforms.

Bitcoin Trading in the Chinese Currency Falls to Less than 1 Percent of the World’s Total
July 9th, 2018

The number of Bitcoin trading operations in the Chinese currency has fallen from a peak of more than 90% to less than 1 % of the world’s total.

‘Bitcoin Can Be an Asset But Not a Currency,’ Says People’s Bank of China Adviser
July 7th, 2017

Sheng Songcheng doubts if bitcoin can become a means of exchange that could meet modern economic development needs.

China is Moving Closer to Bitcoin Rules As Exchanges Keep On Halting Withdrawals
March 10th, 2017

The People’s Bank of China explained that it would begin blacklisting exchanges that would continue violating the regulations.

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.

Will China Turn To Bitcoin To Avoid New Capital Controls?
September 7th, 2015

Chinese government takes serious measures to stop cash outflow and save a falling economy.

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.