China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
BEIJING, Nov 29 (Reuters) – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing…
Tag: PBoC
Alibaba, IBM Ranked Top Globally for Number of Blockchain Patent Filed
Tech giants Alibaba and IBM are vying for the top spot on a new list that ranks global entities by the number of blockchain-related patents filed to date, published August 31 by…
Fake PBOC Email Sent to U.S. Media in Attempts to Manipulate Bitcoin Market
Yesterday, U.S. media outlets were sent a bogus email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The…
How Chinese Bitcoin Buyers Are Getting Around Government Ban
Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi…
PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders
The Business Administration Department of the People’s Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating…