Tag: bitcoin trading China

China Intends to Continue its Inspections on Bitcoin Companies, Results So Far

Inspections on Chinese bitcoin exchanges conducted by the People’s Bank of China led to significant changes in the global bitcoin trading market. In contrary to the expectations of many traders and investors of bitcoin, the inspections of the PBoC and the willingness of local exchanges to comply with regulators have legitimized the Chinese bitcoin market. Almost immediately after the initial announcement of the PBoC, mainstream media outlets including BBC and …
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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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