Tag: PBOC

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Altcoin News

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...
Blockchain Infrastructure

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...
Altcoin News

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 The...
Blockchain Technology

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...
Bitcoin Mining

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...
Bitcoin Mining

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...
Bitcoin News

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...
Bitcoin News

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,...
Bitcoin News

China’s PBoC is Legitimately Afraid of Cryptocurrencies

The Bitcoin situation has grown pretty complicated over the past few weeks. With all exchanges winding down soon, things aren't looking all that great....
Bitcoin News

Chinese Bitcoin Exchanges Must Halt Margin Trading, Bitcoin Lending, And Futures Contracts

The People's Bank of China has intervened in the bitcoin world over these past few weeks. To be more precise, the central bank wants...
Bitcoin News

Is The PBOC Using Bitcoin Exchanges To Catch People Who Violate Capital Flight Restrictions?

The recent actions by the People's Bank of China raise a lot of questions among bitcoin community members. Some people even feel the PBOC...
Bitcoin News

OKCoin Lowers Bitcoin Spot Trading Leverage

The Bitcoin situation in China continues to evolve, and a lot of exchanging are reducing their margin trading opportunities. In fact, OKCoin lowered its...
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