False News That China Banned Bitcoin Responsible For Price Decline

False News That China Banned Bitcoin Responsible For Price Decline

A headline that snuck its way on to the Sina Weibo live news feed on the 18th of March (but discovered late this week) is responsible for a sharp decline in the price per bitcoin, but much to the relief of traders, has been retracted. The then-unconfirmed report indicated the People's Bank of China (the country's central bank, also known as PBOC) would ban all bitcoin-related activity come the 15th of April. A follow-up report posted on the above-mentioned news feed sounds much more reasonable, noting that the People's Bank of China did make a statement related to bitcoin, but not in the....


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