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Tag Archives: PBOC

Bitcoin vs PBoC’s digital currency: Expect a dump?

Mar 3, 2017

Olusegun Ogundeji

When the PBoC’s digital currency that will conform to the existing central - commercial bank arrangement is out later this spring, it would have an impact on the use and price of Bitcoin which BTCC’s co-founder Bobby Lee recently tipped would be worth between USD$5,000 and USD$11,...

PBOC host closed-door meeting with 9 Beijing-based exchanges

Feb 9, 2017

Red Li

On 8th Feb 2017, a closed-door meeting was held in Beijing with PBOC officials and heads of 9 Beijing-based bitcoin exchanges. These 9 exchanges are Chbtc, Btctrade, Haobtc, Yunbi, Yuanbao, BTC100, Jubi, Bitbay and Dahonghuo. PBOC reiterated the regulatory requirements: ...

Recent Major Progress of China’s Blockchain indusry

Jan 27, 2017

Olusegun Ogundeji

As global efforts to bring clarity to the understanding of how the Blockchain technology works continue, Hong Kong-listed fintech company Credit China Fintech Holdings has just set up a joint venture with the Bitfury Group to promote the technology in China. The US$30 million deal...

What a Trump presidency may bring for China’s Bitcoin

Jan 21, 2017

Olusegun Ogundeji

Bitcoin’s growth rate will henceforth be somewhat affected by the outcome of two key events -- Donald Trump’s inauguration in the U.S. and the PBoC’s release of its report on its investigation into the three key exchanges in China. Starting from late last year, there have been predi...

Can Bitcoin transactions in Japan reach China’s level?

Jan 19, 2017

Olusegun Ogundeji

According to Kawabata Kagayaki, the Business Development Lead of Coincheck, Japan’s leading Bitcoin and cryptocurrency exchange, it is possible at some point for Japan's Bitcoin transaction volume to reach the same level as it is being recorded in China presently. In an email,  ...