Neowin News Feed for: Pboc

China reportedly clamps down on cryptocurrency transactions

Paul Hill — Fri, 24 Sep 2021 15:56:01 +0000

The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets. Read more...

China's national cryptocurrency is “almost ready” for prime time

Paul Hill — Mon, 12 Aug 2019 19:10:01 +0000

A representative from the People's Bank of China has announced that the country's national cryptocurrency is almost ready for prime time. No exact date for its launch was given, however. Read more...

PBOC concerned about U.S. dollar influence over Facebook's Libra

Paul Hill — Tue, 09 Jul 2019 08:22:01 +0000

China's central bank has been spurred on to develop a cryptocurrency following the news of Facebook's Libra 2020 launch. It said it's concerned about the influence the dollar will have on Libra. Read more...

China's bitcoin withdrawal freeze ends, could lead to further price boom

Paul Hill — Thu, 01 Jun 2017 14:48:01 +0000

OKCoin has resumed offering bitcoin withdrawals in China following a freeze instituted at the start of the year by Chinese regulators. Another exchange, Huobi, is expected to resume withdrawals soon. Read more...

Chinese bitcoin exchanges start imposing 0.2% transaction fees

Paul Hill — Sun, 12 Feb 2017 23:08:01 +0000

After meeting with China's central bank, levies upon transactions going through many of the country's bitcoin exchanges have been implemented to help deter speculation among high volume traders. Read more...