PBoC Archives - Page 4 of 4

Chinese Central Bank to Test Launch Its Digital Currency in 2 Cities

December 9, 2019

The People’s Bank of China (PBoC) is planning to launch its much anticipated central bank-backed digital currency (CBDC) in two cities – Shenzhen and Suzhou – initially for testing purposes. Reported by loca...

China’s Central Bank Gearing Up to Crack Down Crypto Trading

November 22, 2019

Chinese authorities once again picked up arms against digital currencies as the People’s Bank of China’s (PBoC) Shanghai headquarter on Friday revealed its intentions to crack down on crypto trading. This ca...

Binance to Open Beijing Office Following China’s Blockchain Push

November 1, 2019

Cryptocurrency exchange Binance, which is headquartered in Malta, is opening a new office in Beijing in addition to the mainland office that the exchange currently has in Shanghai. The news came in a report f...

Alibaba Subsidiary ‘Taobao’ Bans Sale of ICO-Related Services

April 12, 2018

China-based online marketplace Taobao, a subsidiary of Alibaba, has announced that it will be banning the sale of any ICO-related services from its platform effective on April 17, 2018. The new restrictions ...

Ban Reversal Approaching? PBoC’s New Governor is “Inspired” by Bitcoin

March 20, 2018

Chinese legislative body the National People’s Congress voted on Monday to confirm Yi Gang as the new governor of the People’s Bank of China. At the same time, Liu He, the president’s leading economic advisor...

People’s Bank of China Proclaims Bitcoin is Not a Legitimate Payment Method

March 9, 2018

The Governor of the People’s Bank of China, Zhou Xiaochua, has announced that the central bank does not accept Bitcoin or any other digital currencies as legitimate forms of payment. According to Reuters, Ch...

China to Crypto Miners: Time to Make an “Orderly Exit”

January 11, 2018

Recently, the Wall Street Journal issued a report saying that China has ordered its “army of Bitcoin miners” to cease all operations. This latest announcement comes in the wake of last week’s reports from Bl...

China Continues Bitcoin Exchange Inspections as Trading Volumes Evaporate

January 25, 2017

People’s Bank of China announced today that it will continue to carry out spot investigations at the country’s leading bitcoin trading venues, in a statement on its Beijing head office website. This comes as ...

Bitcoin Falls 10% as Chinese Central Bank Starts Investigation of Exchanges

January 11, 2017

The price of Bitcoin has fallen sharply today after the Chinese central bank confirmed rumours that it is investigating the operations of China’s bitcoin exchanges – the world’s largest. From a level of about...