カテゴリー: PBOC

PBOC Provides Update on Its Crypto Prevention Efforts

PBOC Provides Update on Its Crypto Prevention EffortsThe People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek […]

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Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal Fundraising

Regulations Round-Up: Tokenized Securities in Singapore, China Warns of Illegal FundraisingIn recent regulatory news, Chinese authorities have issued a warning seeking to encourage citizens to be skeptical regarding the promotional claims of illegal fundraising schemes operating with cryptocurrencies, Singapore Exchange and the Monetary Authority of Singapore have partnered with Anquan, Deloitte, and Nasdaq to settle tokenized securities using distributed ledger technology, and Hungary’s finance ministry […]

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Analysts: China’s Cryptocurrency Could Be Bigger Than Bitcoin

Analysts: China’s Cryptocurrency Could Be Bigger Than BitcoinExperts believe China is far from uninterested in cryptocurrency despite its overt efforts at bans of one kind or another. In fact, it is widely believed the communist government is contemplating its own version of a state backed cryptocurrency. Should that be the case, analysts assume it could potentially be bigger than Bitcoin. Also read: […]

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South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China

South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With ChinaSouth Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean […]

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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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