The Central Bank of China has indicated plans to establish a digital coin. Already supported by the cabinet, this coin will come in handy in positioning China in the crypto sphere. Speaking at a past forum at Peking University, Wang Xin, the Research Bureau chairperson of the People's Bank of China (PBOC) mentioned that the…
During the last couple of months, China has often reiterated its aggressive position towards digital currencies. A similar event recently took place, after the People’s Bank of China (PBoC) decided to ban security token offerings, also known as STOs. Banning the Successor to ICOs For those who do not know, STOs are considered the successors to ICOs.…
The popular opinion worldwide is Bitcoin trading cannot be stopped even by the very rigid censorship of the Chinese Government and the People’s Bank of China on crypto currencies. Bitcoin exchanges have introduced unique procedures such as “Know your Customers” as well as put off withdrawals a month ago even before China’s central bank issued new…
The People’s Bank of China (PBoC) has already asked Bitcoin exchanges in the country to put in place a fee system for trading. This crypto currency is gradually becoming an emerging force in the world market especially China. Numerous investors and traders are convinced that the Chinese dominated more than 90 percent of the International…