Breaking: Bitcoin Exchanges Held to ‘Closed-Door’ Meeting with China’s Central Bank
The People’s Bank of China, the country’s central bank, is continuing its involvement in looking into bitcoin exchanges’ activities in the country by holding a ‘closed-door’ meeting with domestic bitcoin exchanges. According to a Bloomberg report, PBOC officials are meeting representatives from a number of regional bitcoin exchanges in a private meeting on Wednesday afternoon, local time. The publication’s source points to money laundering as one of several topics on the agenda in the closed-doors meeting. The PBOC has publicly revealed its involvement and several ‘on-site inspections’ for....
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In a public announcement today, the People’s Bank of China (PBOC) has revealed its warning toward 9 local bitcoin exchanges operating in the country. Reports of a ‘closed-doors’ meeting surfaced yesterday, one wherein the PBOC was said to have met with representatives of Chinese bitcoin exchanges. While details were scarce at the time, the Beijing branch of China’s central bank has shed further light into the private meeting and its participants. Having previously inspected and conducted on-site checks of Beijing-based exchanges Huobi and OkCoin, PBOC Beijing revealed that similar talks....
A number of smaller China-based bitcoin exchanges met with the People’s Bank of China in a closed-door setting today. According to sources familiar with the matter, in attendance were exchanges that were previously absent from talks held earlier in the month, including Beijing-based Yunbi and BTC Trade. Speaking with CoinDesk, BTC Trade confirmed its participation, while Yunbi would neither confirm or deny the report. Both declined to provide additional details about the discussion. According to Bloomberg, a source said that money laundering was on the agenda, as it was in prior talks.....
China’s central bank, the People’s Bank of China (PBOC) announced today that it will make the necessary moves to work toward issuing a digital currency, as soon as possible. The PBC has announced in a release today that it intends to launch its own digital currency, following a meeting held in Beijing. The purpose of the meeting was discussed in today’s release by the central bank of the world’s second largest economy. A ‘special’ research team put together by the PBOC was set up as early as 2014 to conduct research and look into all possible regulatory frameworks for the issuance of a....
The People’s Bank of China (PBOC) issued a statement on Thursday regarding a meeting it held the previous day with nine Chinese bitcoin exchanges. When the news of the meeting broke, the price of bitcoin dropped almost six percent but quickly regained its high only hours later, and has continued to rise. PBOC’s Meeting with Nine Bitcoin Exchanges. The....
Following yet another sharp price drop due to the secretive, closed-door and private actions of China’s Central Bank, the bitcoin community turned today to angry rhetoric directed at PBOC. “You can’t live in a fascist state and not expect the fascist state to come bursting through your door to slap you around, every now and then.” – says one bitcoiner. “I am about sick of China.” – says another. “It’s safe to say that China is going to keep saying something every time Bitcoin gets close to the value of Gold.” – says a third. PBOC stands accused of taking measures against bitcoin every time....