The Peoples Lender of China Bans Bitcoin, Again
China People’s

The Peoples Lender of China Bans Bitcoin, Again

The People’s Bank of China reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.The People’s Bank of China (PBOC) reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and…

Peoples Lender of China inside Shenzhen clean up program targets illicit digital foreign currency firms
China People’s

Peoples Lender of China inside Shenzhen clean up program targets illicit digital foreign currency firms

Home » Business » People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms The People’s Bank of China in Shenzhen has promised to “promptly clean up and rectify” a number of companies involved in illicit cryptocurrency trading, in the latest signs of a crackdown from the central bank. According to…

Peoples Lender of China ramps up digital foreign currency crackdown
China People’s

Peoples Lender of China ramps up digital foreign currency crackdown

Authorities from the People’s Bank of China (PBoC) recently issued a notice warning local institutions not to provide digital currency-related companies’ services. The Chinese government’s anti-cryptocurrency stance has dominated the news these past few weeks. This latest reinforced rhetoric only increases the urgency for local companies to look elsewhere to set up operations.  The notice…