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Category Archives: Regulation

PBoC: Blocking Cryptocurrency-related Payment Service

Jan 19, 2018

Red Li

19 January 2018 Beijing-A document released by the Department of Payment and Settlement of PBoC was quietly posted around in the community. The document asks all units should strengthen monitoring of daily trading, shut down payment channel for accounts related to cryptocurrency and sett...

China is Escalating Clampdown on Crypto OTC Activities

Jan 17, 2018

conniewang

The prospect of regulatory crackdown on digital tokens in China appeared to spread only four months later after the ICO ban. On 16th of January , a number of digital assets trading platforms told 21st Century Business Herald that, Chinese regulatory authorities recently show a ...

Xiaolei: Why PBoC Wants To Shut Down Bitcoin Mining Farm?

Jan 4, 2018

Red Li

A screenshot was trending among bitcoiners yesterday, in which Chandler Guo says China is to shut down all bitcoin mining farm and trading and holding of cryptoassets are offense to financial orders. The picture was soon denied by Chandler Guo, who claimed it was fake news. However, it ...

Baofeng Partners With Bitcoinfile To Dodge ICO Ban

Jan 2, 2018

Red Li

28 December 2017- Accordign to PingWest, Baofeng BFC announced strategic cooperation with Bitcoinfile, which is another bitcoin fork at blockheight #501,225. Baofeng Player, aka Storm Player, is a listed (SZ:300431) company in China. Founded in 2003, the Company offers comprehensi...