China's Central Bank to Continue Bitcoin Exchange Inspections
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....
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Following findings of “irregularities” in the business and operational processes of the big bitcoin exchanges in the country, China’s central bank (PBOC) has now announced that its on-site inspections of the “Big 3” bitcoin exchanges is set to continue. In a statement today, the Beijing branch of the People’s Bank of China has stated its intention to continue on-site inspections of bitcoin exchanges will continue after the findings of preliminary inspections that took place a week ago. At the time, the PBOC Beijing had announced that OKCoin and Huobi, two Beijing-based bitcoin exchanges....
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....
News from China is once again spreading through the bitcoin world like wildfire. It appears China’s central bank the People’s Bank of China (PBOC) is visiting with the top three Chinese exchanges and assessing each companies operations. Per usual on negative rumors from China the price of bitcoin took a dive during the early hours of January 11 dropping....
BTC China announced to its English-speaking users via Twitter today that it has suspended yuan (RMB) deposits from the Bank of China. In its second such announcement since 26th April the exchange said in a (since-removed) tweet: Dear users, Due to regulations, we have suspended CNY deposits from Bank of China. For further enquiries, pls email: [email protected]. - BTC China (@btcchina) May 6, 2014. Chinese exchanges have suffered major setbacks recently after banks finally responded to repeated directives from the People's Bank of China (PBOC) - China's central bank - and shuttered all....
The People's Bank of China (PBoC) is moving to more closely monitor (or otherwise engage) with domestic bitcoin exchange businesses. Just days after it was revealed the PBoC's Beijing and Shanghai offices had visited the country's three largest exchanges by volume, the central bank said today that it is pledging to better engage with BTCC, Huobi and OKCoin through continued on-site inspections or meetings. Discussed at new meetings, according to releases by its Beijing and Shanghai offices, were topics including compliance (anti-money laundering and foreign exchange management). "The....