people bank of china

‘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.

Bitcoin Price Hits an All-Time High, Currently Trading at $1,200 Level
February 24th, 2017

Bitcoin continues its steady growth and moves from an alternative asset to a mainstream payment form for businesses.

Bitcoin Price is Closing in On Its All-Time High, Currently Trading at $1127 Level
February 23rd, 2017

Bitcoin price recovers as Chinese authorities and bitcoin industry push for regulatory alliance.

China’s Bitcoin Exchanges to Impose Trading Fee Beginning 24th January
January 23rd, 2017

Chinese biggest bitcoin exchanges unveiled on Sunday they will impose trading fees, as the government is tightening control over digital currency.

Bitcoin Price Rises As China’s Central Bank Inspects Three Leading Bitcoin Exchanges
January 19th, 2017

The People’s Bank of China found some violation of rules in the operations of major bitcoin exchanges.

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.

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.

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.

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.