As People’s Bank of China Sends Bitcoin Spiralling Down the Centralization Era Comes for Bitcoin
China is at the center of Bitcoin as it should be. After all, most of the world’s Bitcoin is mined and traded there. However of late, the Chinese Bitcoin scene has a new persona on the stage and that is the country’s almighty central bank, the People’s Bank of China hereinafter PBOC. The PBOC has of late issued two statements, one on Jan. 11, 2017 and the other on Jan. 6, 2017 both of which have sent Bitcoin falling from the early January highs the currency had achieved above the $1,000 mark. So what is prompting the PBOC to take an interest in Bitcoin and what is the likely outcome of....
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