Caixin Article Claims PBOC Is Meeting With Banks And Payment Processors To Completely Cut Off Funding To Bitcoin Trading
Caixin is a respected Chinese financial news source. Bitcoin prices have dropped nearly 10% across all Bitcoin exchanges, with the bulk of the action understandably located on Chinese Bitcoin Exchanges. A few hours ago, Caixin published a Chinese article claiming that the PBOC has met with commercial banks and third party payment processors, in particular those that do, or have done, business with Chinese Bitcoin Exchanges to remind them of the PBOC's stance. This Caixin article is written by a different author than the last Caixin article that was commented on in Western media (which....
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Yesterday, Caixin reported that the PBOC, led by the Payment and Clearing Organization of China, has been having meetings and interviews with commercial banks, third party payment processors, and Bitcoin exchanges within China. PBOC officials made it very clear that they wished to completely cut off the funding line of Chinese RMB into Bitcoin trading platforms around the country. The renewed interest in Bitcoin by the PBOC has led to funding shuffles from every Chinese Bitcoin exchange. Cryptocurrency exchange rates across the board have suffered since the first rumors of renewed the....
Original Chinese article here. English article by Caixin. Caixin is a trusted Chinese financial news source. Ties to the 3/21/14 Sina.com FUD incident. In contrast to the 3/21/14 incident mentioned by OKCoin, this news was broken by Caixin not Sina. More importantly, the original article has not yet been rescinded. In the original rescinded Sina article that turned out not to be true, it was claimed that on 3/18/14 a document was released that would have banned Bitcoin transactions in China by 4/15/14. The PBOC took to Weibo to announce that: "Regarding the PBOC statement issued on 3/18....
Welcome back to another CCN Week in Review, where we feature our top stories of the week every Sunday. Unfortunately, our awesome media man - Calvin Tran, was unable to get a video for us this week. However, he should be back next Sunday for another video recap of the week's news. In the meantime, check out this week's (20 April - 26 April) biggest stories. More FUD With China. A recent article from Caixin is causing uncertainty amongst Bitcoiners. The respected Chinese financial news source - Caixin, recently published an article claiming that the People's Bank of China (PBOC) met with....
The People's Bank of China (PBOC) has once again privately warned banks and payment companies to restrict customers' access to bitcoin exchanges, reports indicate. The news is likely to have affected the international bitcoin price, which dropped by around $40 in the space of a few hours this morning. CoinDesk sources said that PBOC officials held closed meetings this week with major banks and payment processors to reiterate their desire for all interaction with bitcoin companies to cease. While there have been no big policy shifts since last December's initial statements, at various....
The last few weeks of March were rife with misinformation out of China regarding a mysterious notice from the PBOC supposedly sent to regional banks and 3rd party payment processors. Original news of the notice was misinterpreted and leaked on 3/21/14 leading many to dismiss all news out of China in subsequent days. On 3/27/14, Chinese reporters from Caixin claimed to have seen the PBOC document and published a synopsis of its contents. The title of the supposed notice is this: 关于进一步加强比特币风险防范工作的通知, or the Notice on Further Strengthening Bitcoin Risk Prevention Measures. In the notice, the....