Bitcoin Price on the Rise Again After Regulatory Crackdown in China
It seems that the drama with the PBOC and regulations in China is becoming less and less significant, as these news don’t seem to have as much impact on …
Tag: PBoC
Former PBoC Governor: “We Need To Regulate Bitcoin Rather Than Kill it”
The bitcoin situation in China continues to evolve in a rather interesting direction as of late. The former PBoC governor gave an interview on national television earlier today, in …
HaoBTC To Shut Down Bitcoin Exchange Operations Soon
It was only a matter of time until a new bitcoin announcement would come out of China. In a surprising turn of events, the news does not originate from …
Bitcoin Price Crashes 10% as Chinese Exchanges Block Withdrawals
Huobi and OKCoin, two of China’s biggest exchanges have announced that they will be blocking Bitcoin withdrawals for atleast 1 month as a result of increase AML / KYC …
Bitcoin Price Rebounds Swiftly Post PBOC Threats
An unexpected panic hit the Bitcoin markets yesterday as the bears made their presence known. After reports of PBOC holding a closed door meeting supposedly discussing AML issues with …
Bitcoin Price Flash Crashes 5% as Bears Show Up to the Party
It was only a matter of time before traders decided to take profits and sell while the price was high. After a 6% jump last night as Bitcoin’s ETF decision …
Bitcoin Price Rises amid Political Tensions and Growing Interest
After a week of stability, Bitcoin has seemingly entered another rally beginning yesterday. The cryptocurrency is currently trading at $970 on Bitstamp with a healthy volume increase indicating an organic price rise. …
China’s Bitcoin Exchanges’ Volume Plummets as Regulators Crack Down
It all started on January 11th 2017, when regulators decided to initiate a crackdown on Chinese Bitcoin exchanges. The PBOC (People’s Bank Of China) investigated a number of exchanges for …
Bitcoin Exchange BTCC Will be Investigated by PBOC
Things are not looking all that great for China’s largest Bitcoin exchange right now. The People’s Bank of China Shanghai team has announced the formation of a joint inspection …