Tag: PBOC Bitcoin

November 08, 2017 BY Mariela Naydenova

China to develop a domestic digital currency

After banning domestic exchanges from trading bitcoin and cryptocurrencies, the People's Bank of China may be thinking of developing a domestic currency after all. China seems to be eager to join the "cryptocurrency hype", especially after the total market capitalization of digital currencies hit $200 billion, with the major driver being Bitcoin, which surpassed the…

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December 05, 2013 BY Gerald Segal

PBOC bars Chinese financial institutions from dealing with Bitcoins

Prices slump $300 from recent highs around mid $1200’s following the announcement The digital currency has been on a tear for the past couple of hours after the PBOC has announced at 08:00 GMT that it is forbidding financial institutions in the country to handle Bitcoin transactions. The announcement is coming only days after deputy…

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