The People’s Bank of China Bans Bitcoin, Again

The People’s Bank of China Bans Bitcoin, Again

The People’s Bank of China reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.The People’s Bank of China (PBOC) reposted a memo from September 15th that addresses the country's Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip. The memo outlines a nation-wide crackdown on Bitcoin and other cryptocurrencies out of concern over them “disrupting economic and financial order, breeding illegal and criminal activities such as gambling,....


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