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pboc crackdown – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 24 Sep 2021 14:19:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png pboc crackdown – DIGIT INFO https://www.digit.info 32 32 China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’ https://www.digit.info/chinas-crypto-crackdown-fundamentals-still-show-bull-market-continuation-bobby-lee-says-dont-panic/ Fri, 24 Sep 2021 14:19:39 +0000 https://www.digit.info/2021/09/24/chinas-crypto-crackdown-fundamentals-still-show-bull-market-continuation-bobby-lee-says-dont-panic/ Read more]]> China's Crypto Crackdown: Fundamentals Still Show a Bull Market Continuation, Bobby Lee Says 'Don’t Panic'The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. […]

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China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning https://www.digit.info/china-shuts-down-software-maker-over-suspected-crypto-related-activity-issues-industry-wide-warning/ Wed, 07 Jul 2021 03:30:56 +0000 https://www.digit.info/2021/07/07/china-shuts-down-software-maker-over-suspected-crypto-related-activity-issues-industry-wide-warning/ Read more]]> China Shuts Down Software Firm Over Suspected Crypto-Related Activity, Issues Industry-Wide WarningThe People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as […]

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