Breaking: China’s Central Bank Weighs in on Bitcoin Price Rollercoaster
Reports are coming in that officials from the People’s Bank of China (PBOC) jointly with the Shanghai’s Financial Office met with the head of BTC China. Following “abnormal price fluctuations” and “to guard against risks and maintain financial stability,” the Chinese authorities wanted to understand the operation of the trading exchange and: “Urged the platform to behave in accordance with relevant laws and regulations. And perform self-examination and carry out some measures if necessary,” according to our translation of a notice by the PBOC. According to a regulatory notice issued in....
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