Tags » People's Bank Of China

Bitcoin Basics

Bitcoin has divided some heavy hitters in the investment world. CNBC contributor Ron Insana and Stephen Pair, BitPay CEO, discuss the argument for bitcoin as a currency and an investment. 997 more words


Bitcoin trading accounts banned in China: report

The People’s Bank of China, the nation’s central bank, has ordered banks and third-party payment companies to close all bitcoin trading accounts at more than 15 exchanges across the country, Shanghai-based China Business News reports.The bank had recently issued a notice prohibiting domestic banks and third-party payment institutions from allowing bitcoin transactions, a source told the newspaper.Accounts must be shut down by April 15, preventing investors in the currency from transferring funds, according to the source.The measure was proposed during a meeting convened recently by the central bank to discuss ways to strengthen the prevention of risks involved in the peer-to-peer internet currency. 15 more words


Germany, China say renminbi hub in Frankfurt will boost trade | Reuters

A decision by Germany and China to make Frankfurt a European hub for financial transactions in the Chinese currency will give new momentum to trade between the two economic powers, … 141 more words

China Alert

Bitcoin exchanges in China to likely close after new ruling

Beijing business magazine reports China’s PBOC on Bitcoin crackdown blitz.

It looks like things are over for Bitcoin in China.
According to a report by Caixin, a Beijing-based business magazine, the People’s Bank of China (PBOC), the country’s central bank, has ordered all banks in the coun…


China needs Bloomberg way more than Bloomberg needs China

Earlier this week, a veteran Bloomberg News editor revealed that he resigned in early March, saying he did so because his company “unilaterally spiked… 431 more words

China opens door further to foreign stock investors

China has relaxed rules to allow more foreign participation in its main stock market, in the latest step towards liberalising the financial system in the world’s second-largest economy. 825 more words