Tag: PBOC
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China Moves to Update Cybersecurity Rules With New Draft Measures
China opens draft financial cybersecurity rules for public consultation until August 3, 2026. New measures require stronger cybersecurity governance and risk controls for institutions. Draft…
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WeChat-Inspired Asset Makes Its Way Towards China
Beijing, a city within a country that has long been hostile towards crypto, is now announcing plans to develop a WeChat-like digital asset that individuals…
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China’s Central Bank Warns of Blockchain Bubbles
China’s position on cryptocurrencies remains unfazed as the country’s central bank released a paper which warns of bubbles in the industry and calls for the…
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PBoC is Seeking Cryptocurrency Recruits to Create Digital Coin
China’s central bank is reportedly recruiting crypto experts to create its own cryptocurrency despite its less than favorable stance to the market. Exploring the Market…
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People’s Bank of China Backs New Blockchain-based Financial Platform
China continues its blockchain journey by creating a new finance and trading platform with the assistance of its central bank. While some countries may be…
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Chinese Police Arrest Man for $15 Million Bitcoin Mining Machine Fraud
A man in China has been arrested for reportedly conning $15 million worth out of 50 investors after claiming he had a reliable supply of…
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Chinese Police Confiscate 600 Bitcoin Mining Machines
Chinese police have reportedly confiscated 600 bitcoin mining machines following reports of irregular electricity usage. In the China city of Tianjin officials are continuing their crackdown…
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PBoC Chief Yi Gang Admits Bitcoin is Freedom
The opinions on cryptocurrency are always interesting to keep an eye on. In China, it seems there is a growing movement against Bitcoin and outcomes.…
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China Aims to Eradicate Cryptocurrency Trading with Ban on Foreign Platforms
China is to block all websites linked to cryptocurrency trading and initial coin offerings (ICOs) in a bid to clampdown on the market. Last September,…
