Category: People’s Bank of China

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China’s Position on Crypto Likely to Harden Under New PBOC Governor

China's Position on Crypto Likely to Harden Under New PBOC GovernorChina’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto  New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending […]

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PBOC to Strengthen Cryptocurrency Regulations in 2018

PBOC to Strengthen Cryptocurrency Regulations in 2018The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. […]

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