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
Tags » People's Bank Of China
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
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…
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