Receive all Cointelegraph news immediately in Telegram.
Cointelegraph explains China's influence on Bitcoin volatility and possible consequences for the traders.
LocalBitcoins may come under scrutiny from the People’s Bank of China, users fear after the marketplace became Chinese investors’ new trading hub and set record trading highs last week.
Chinese investors are putting their faith in LocalBitcoins to exchange Bitcoins after major exchanges in the country stopped allowing withdrawals of BTC. The move was in response to warnings from the People’s Bank of China about AML/KYC regulations.
Is PBOC out to get Bitcoin, holding it on purpose below the $1000 level?
Markets have factored in the fee imposition by Chinese exchanges, so we are entering a period of Bitcoin price stability.
People’s Bank of China (PBoC) has launched a digital currency research institute on Jan. 29, one day after the celebration of the Chinese Lunar New Year.
It would be naive to miss out the subtleness in the press releases of PBOC which sent Bitcoin spiraling down twice in January.
China plans to launch its own digital currency. What do the world experts say?
China exploring digital currencies. Wants to reduce costs of production of money and achieve greater control over transactions
According to reliable and trustworthy source the Chinese authorities and the People’s Bank of China has continued the warfare against bitcoin and other crypto currencies. The recent warning was given to the third-party payment companies.
For updates and exclusive offers, enter your e-mail below.
You registration completed successfully.
Confirmation email sent to email address provided.