Tag: People’s Bank of China (PBOC)

  • China’s Banks Blacklisted Local Bitcoin OTC Businesses

    China’s Banks Blacklisted Local Bitcoin OTC Businesses

    People’s Bank of China (PBoC), the country’s central bank, started to flag accounts traced back to large cryptocurrency traders in its most recent vigorous measures, the local news outlet WuBlockchain reported. The move is part of a more extended crackdown of money laundering in China.  Earlier this year, the PBoC started its movement to get rid of…

  • China’s Central Bank To Launch Its Own Digital Currency – Global Tech Giants Are Involved

    China’s Central Bank To Launch Its Own Digital Currency – Global Tech Giants Are Involved

    China has been bashed a lot by the US President Donald Trump following the spread of the Covid-19 and more voices have already said that after all this is over, China will have to pay. Meanwhile, China is working with private industry in order to accelerate the roll-out of the central bank-backed digital currency. People’s…

  • China’s Central Bank Prepares To Launch Crypto For Payments In 2019

    China’s Central Bank Prepares To Launch Crypto For Payments In 2019

    It’s been recently reported that China is becoming more open to crypto and Bitcoin these days. During a brand new interview with CNBC, Jeremy Allaire, co-founder of Circle, addressed the reason for which the developments in China are showing that the country’s anti-crypto position seems to be “softening.” “Recently, a major Chinese court defended that…