カテゴリー: People’s Bank of China

Bitcoin Trading in Chinese Currency Drops Below 1% of World Total

Bitcoin Trading in Chinese Currency Drops Below 1% of World TotalBitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms.     Also read: Crypto Exchange Binance Expects up […]

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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 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 Censors Cryptocurrency Ads on Search Engines and Social Media

China Censors Cryptocurrency Ads on Search Engines and Social MediaHong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) […]

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South Korea Discusses Cryptocurrency Policies With China’s Central Bank

South Korea Discusses Cryptocurrency Policies With China’s Central BankThe South Korean Minister of Strategy and Finance has met with the governor of the People’s Bank of China to discuss and share economic policies including cryptocurrency countermeasures. While China has imposed strict regulations on cryptocurrency trading, including closing down exchanges, South Korea has adopted a less strict approach. Also read: Japan’s DMM Bitcoin Exchange Opens […]

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Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin Mining

Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin MiningIn recent days a number of conflicting reports have surfaced pertaining to the stance of China’s government with regards to bitcoin mining. Last week, Bloomberg reported that the People’s Bank of China (PBOC) had met to discuss curbing mining operations in China, whilst Chinese media reports denied such – however, it has since emerged that […]

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40+ ICO Platforms Closing in China

40+ ICO Platforms Closing in ChinaFollowing the token sale ban by the People’s Bank of China (PBOC), more than 40 Initial Coin Offering (ICO) platforms are reportedly suspending their ICO services. Banks have also been instructed to stop providing service to ICO platforms. However, some token sale prices have slightly recovered as speculators returned, while many ICO platforms face challenges […]

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China’s Central Bank Deems ICOs Illegal – Refunds Mandated

China's Central Bank Deems Initial Coin Offerings IllegalThe People’s Bank of China (PBOC) has ordered the cessation of all initial coin offerings (ICOs) in China, mandating that active ICOs must return funds to investors. The announcements confirm rumors originating from Chinese media outlet Caixin that the PBOC had decided to initiate a crackdown on initial coin offerings operating in China. Also Read: Chinese […]

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Chinese Blockchain Conferences Cancelled In Fear of ICO Crackdown

Chinese Blockchain Conferences Cancelled In Fear of ICO CrackdownChinese media has reported that the People’s Bank of China (PBOC) has determined the majority of initial coin offerings (ICOs) to be in violation of fundraising laws, prompting the cancellation of at least one major cryptocurrency event previously scheduled for September. The report has emerged following recent revelations that the PBOC has been in discussions […]

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Chinese Regulators Consider Crackdown on ICOs

Chinese Regulators Consider Crackdown on ICOsChinese regulators discussed plans designed to initiate a crackdown on ICOs being held in China, according to local media. It is alleged that the discussions took place during a meeting hosted by the People’s Bank of China (PBOC) on August 18. Also Read: US Foreign Sanctions Bill Mandates That Governments Monitor Cryptocurrency Chinese Authorities Are Discussing […]

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