カテゴリー: PBOC

Chinese State Media Accuses ICOs and Exchanges of Defying Crackdown

Chinese State Media Accuses ICOs and Exchanges of Defying CrackdownChinese state media outlet, Voice of China, has published reports criticizing the efforts of Chinese cryptocurrency exchanges and initial coin offerings (ICOs) to continue operations in spite of the central government’s 2017 crackdown. Also Read: Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative Markets State Media Criticizes Cryptocurrency Exchanges’ Defiance of Crackdown Voice […]

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‘Coindaddy’ Another Crypto-Rapper Rhymes About Bitcoin Life

'Coindaddy' Another Crypto-Rapper Rhymes About Bitcoin LifeJust last month news.Bitcoin.com chatted with the hip-hop artist ‘Lil’ Windex’ the Canadian rapper who made headlines last month for his rhymes about bitcoin cash. Now there is another rapper, from San Francisco, called ‘Coindaddy,’ an artist who has been coined a “Weird Al Yankovic” of cryptocurrency rap. Also read: An In-Depth Interview With Rob Hustle […]

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China’s Position on Crypto Likely to Harden Under New PBOC Governor

China's Position on Crypto Likely to Harden Under New PBOC GovernorChina’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto  New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending […]

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PBOC Plans to Continue “Rectifying Cryptocurrency Activity” in China

PBOC Plans to Continue "Rectifying Cryptocurrency Activity" in ChinaLast year the Chinese government cracked down on initial coin offerings (ICO) and stopped all domestic cryptocurrency exchanges from dealing with the renminbi. According to local reports and the central bank’s recent ‘2018 agenda,’ the People’s Bank of China aims to finish what it started in 2017 by “rectifying” all virtual currency operations, introducing new […]

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PBOC to Strengthen Cryptocurrency Regulations in 2018

PBOC to Strengthen Cryptocurrency Regulations in 2018The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. […]

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China’s First Central Bank Governor in 15 Years Likes Bitcoin

China’s First Bank Governor in 15 Years Likes BitcoinThe People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China. Also read: Report Claims […]

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China’s PBOC Governor Speaks Against Speculative Cryptocurrencies

China's PBOC Governor Speaks Against Speculative CryptocurrenciesThis week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), […]

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China’s Police Force Reveals Offshore Exchange Surveillance

China's Police Force Reveals Offshore Exchange SurveillanceAccording to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering. Also Read: British Man in Amsterdam Allegedly […]

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Chinese Entrepreneur Warns Against Mining and ICO Bans

Chinese Entrepreneur Warns Against Mining and ICO BansAngel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of […]

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Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price

Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC PriceAccording to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to a press conference between the media, the PBOC, and the Hong Kong Monetary Authority (HKMA) and said […]

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