people bank of china

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

China Allows Foreigners to Enter Its $27 Trillion Payments Market after Yi Gang Named New Head of PBoC
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.

China’s PBOC Will Ban Access to Bitcoin Exchanges in Hong Kong
February 7th, 2018

China’s Central bank officially sets upon regulation of all crypto-related activities and businesses introducing new frameworks aimed to crack down on all aspects and services of Bitcoin trading in both Mainland China and Hong Kong.

Chinese Central Bank Wants to Regulate the Power Usage of Bitcoin Miners
January 4th, 2018

The Chinese central bank is planning to limit the mining business by imposing restrictions on the electricity usage by miners.

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.

‘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.

‘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.

‘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.