BTC China Statement Confirms They Haven't Heard from PBOC
BTC China, the world's once-largest bitcoin exchange by volume, has issued a new statement on Friday pertaining to the uncertain bitcoin climate in the People's Republic of China. In that statement, the exchange notes that they haven't received any sort of correspondence from the People's Bank of China (PBOC) with regard to recent rumors. Those rumors, in case you weren't aware, stated that the PBOC would be issuing a statement come April 15th barring third-party payment processors and banks from working with bitcoin exchanges. That would mean that the financial institutions BTC China (et....
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In response to the recent People's Bank of China [PBOC] statement, BTC China has started requiring ID verification for all of its users. Upon logging in, you will be prompted for a Chinese ID and if you are an international customer, your passport number will be required instead. While Reddit users have reported that any random combination of numbers with the correct length for your corresponding country's passport number will suffice, it is incredibly likely that these numbers and the rest of your given information will be passed onto the Chinese government at some point, so act....
Shanghai-based exchange BTC China has published a statement reassuring Chinese investors that its operations will resume as normal despite looming regulatory uncertainty. The People's Bank of China (PBOC) is widely expected to issue a public notice later this month, which would effectively put an end to bitcoin-related money transfers in China, including yuan deposits. The rumoured notice is expected to go official on 15th April. However, since nothing is official yet, there is plenty of misinformation floating around. In turn, the spread of PBOC-related fear, uncertainty and doubt has....
China-based bitcoin exchange BTC38 announced to its users that its renminbi deposit services will be suspended following a shift in policy from the People's Bank of China (PBOC), the nation's central bank. The posting seemingly confirms earlier reports that the PBOC would seek to tighten its enforcement of earlier guidance issued in December, thereby blocking its domestic banks from working with digital currency companies. Further, the release corroborates recent statements by BTC China CEO Bobby Lee, who has suggested that the PBOC has been seeking to implement a "stricter interpretation"....
In a statement released by the People’s Bank of China, the central bank of China has announced that they are going to be carrying out inspections on Bitcoin enterprises in the country. The statement was posted in Mandarin on Jan. 17, 2017 on the PBOC website. Sudden ‘inspections’ on Chinese Bitcoin companies. The PBOC will check by carrying out onsite inspections if the Bitcoin enterprises within China are operating under the regulations of the country. The central bank is on the lookout for companies that they deem to be operating “beyond the scope of the enterprise and the market.” PBOC....
China's central bank plans to continue scrutinizing domestic bitcoin exchanges. The People's Bank of China (PBoC) released its latest statement detailing how it would oversee the industry today, a move that comes weeks after it first began publicizing meetings with representatives from BTCC, Huobi and OKCoin. The PBoC went on to say that it would oversee the space more closely, later finding fault with the exchange’s policies on margin trading (though no penalties have been levied). According to the PBoC, that scrutiny will continue via additional on-site inspections. The central bank said....