Tag: bitcoin China

China’s June Bitcoin Trading Regulation Could Affect Bitcoin Price

Earlier this month, major Chinese finance media company Caixin revealed that the People’s Bank of China’s newly drafted regulations on bitcoin trading and local digital currency exchanges are set to be implemented by June. Until then, on-site inspections on the country’s three largest bitcoin exchanges OKCoin, BTCChina, and Huobi will likely continue. Caixin also reported that the inspections are close to completion and that the three exchanges will have to …
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Why China Isn’t Interested in Banning Bitcoin, Importance of Regulation

It seems as if the Chinese government is not interested in banning bitcoin after all. Last week, the bitcoin community saw an emergence of misleading headlines in the mainstream media that have largely impacted the price of bitcoin. Several media companies including BBC, Fortune and Japan’s Nikkei falsely reported that bitcoin exchanges including BTCC were raided. In reality, major Chinese bitcoin exchanges such as BTCC, Huobi and OKCoin have maintained …
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