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Category Archives: Regulation

Another Reason for PBoC’s ‘Bitcoin Exchange Ban’ Claim

Sep 12, 2017

Olusegun Ogundeji

The recent suggestion that the Chinese central bank is considering to ban bitcoin exchanges operating in the country may be connected to the sharp bounce the yuan had last week to hit a near 2-year peak on the dollar. Though the veracity of the claim of a ban is yet to be confirmed, its propos...

Li Xiaolai: Yunbi Is Winding Down In 3 Months

Sep 11, 2017

Red Li

A Shenzhen-based exchange has delisted BTC and ETH trading pairs against CNY. The exchange is the second one. The latest report of Caixin Weekly this afternoon also revealed that "Yunbi is winding down in 3 months" according to Li Xiaolai, the Bitcoin tycoon in China. Zhgtrad...

Game Over, Bitcoin Exchanges

Sep 9, 2017

Cindy23

Caixin reports today that domestic exchanges represented by OkCoin that provide trading services between cryptocurrencies and CNY will be banned for a certain period of time. Upcoming regulations are not imposed to hurt cryptocurrencies themselves and the OTC markets. Regulatory author...

Why China Could Be ‘Over-Protective’ of Digital Economy

Sep 8, 2017

Olusegun Ogundeji

A new report by the McKinsey Global Institute (MGI) seems to lay bare the rationale behind China’s overprotection of its digital economy especially as the Asian giant has demonstrated with cryptocurrencies. Globally, many cryptocurrency users tend to see some of the several checks and...

60% Trade Cut: Chinese Exchange Delists NEO, Others

Sep 7, 2017

Olusegun Ogundeji

One of China’s top digital currency exchanges has announced it is delisting 13 of the 20 digital assets that trade on its platform. Yunbi, which ranks behind OKCoin and Huobi only in China as the top exchanges, cites the brewing initial coin offering (ICO) ban by the Chinese governm...