China’s Central Bank Is Raiding Bitcoin Operators, Bitcoin Price is Tumbling
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....
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