China Bitcoin Exchanges Huobi said they have received NO notice from PBOC. Business as usual.
http://finance.jrj.com.cn/2014/03/27101116938690.shtml dated 3/27/2014 10:11am Beijing time (3/26 10:11pm US EDT) In this report, the reporter claimed he called a person in charge of Huobi and BTCTrade CEO, both denied they have received any notice from PBOC. Currently, they are doing business as usual.
Huobi, OKCoin and BTCC, the three leading bitcoin exchanges in China, have all stated that they do not believe the ban will be approved and are not even sure if it is the actual plan of PBoC.
This is the best tl;dr I could make, original reduced by 70%. (I'm a bot)
The daily trading volume of the Chinese bitcoin exchange market has nearly doubled that of the US bitcoin exchange market, surging above 45,000 bitcoins. Immediately after the imposition of strict regulations and policies on bitcoin trading platforms in 2016, investors stopped trading bitcoin at a premium rate within the Chinese exchange market. One important indicator of the Chinese bitcoin market's recovery which investors must acknowledge is the rapidly growing trading volume of the Chinese exchange and over-the-counter markets. In contrary, bitcoin has recovered to over $4,200 today, with the Chinese bitcoin exchange market demonstrating high trading volumes and US investors moving bitcoin price upwards. Momentum is rebuilding in China, despite the ongoing bitcoin exchange ban talks and the PBoC's supposed introduction of plans to suspend bitcoin exchanges indefinitely. According to bitcoin market data provider Coin Dance, demand toward bitcoin in over-the-counter and peer-to-peer bitcoin markets such as LocalBitcoins has actually increased over the past two weeks.
Local Chinese publications reported last month that the People’s Bank of China (PBOC) will issue regulatory guidelines for Chinese bitcoin exchanges in June. However, last week, the bank reportedly dispelled the rumor and confirmed that no bitcoin regulations will be released this month.
Local Chinese publications reported last month that the Peoples Bank of China (PBOC) will issue regulatory guidelines for Chinese bitcoin exchanges in June. However, last week, the bank reportedly dispelled the rumor and confirmed that no bitcoin regulations will be /r/bitcoin_uncensored
Bitcoin in China: Live CNY Price, Best Exchanges, Taxes, and History. China has having an on-off relationship with cryptocurrency in general. In 2013, the government declared Bitcoin as a virtual commodity while allowing citizens to participate in online trading. Since 2017, China has taken a more strict strict stance on cryptocurrency due to investor protections and financial risk prevention ... The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting ... Bitcoin Banken in China Inzwischen wird sehr deutlich wohin die chinesische Regierung mit ihrem nationalen Bitcoinmarkt will. Nachdem es im neuen Jahr bereits mehrfach Meldungen über mögliche Regulierungen durch die PBoC (Volksbank von China) gegeben hat, wurde nun sogar einigen Bitcoin-Wechselbörsen ihr Status als „Bitcoin Exchange“ aberkannt. The China Problem Clear information about trading of Bitcoin in China is so important. The over-concentration of trading (and mining) in China is considered by some to be the Achilles Heel of Bitcoin. Bitcoin dropped 7.8 percent on Thursday to $977.39 after the exchange statements. It rose 0.8 percent at 1 p.m. in Hong Kong. China has taken a central role in the bitcoin market in recent years ...
China to Restrict Cryptocurrency OTC Trading & Mining, No ...
According to an internal memo obtained by Bloomberg and Reuters, the People’s Bank of China (PBoC) vice governor Pan Gongsheng has encouraged the government ... China's central bank said that it has met with nine local bitcoin exchanges to discuss risks and problems that occurred in the market on Wednesday. The People's Bank of China said the exchanges ... The head of the People’s Bank of China’s (PBOC) digital currency research subsidiary, Changchun Mu, said China’s cryptocurrency will not need a currency basket to maintain a stable value. China's central bank has been hit by a hack attack that briefly made its website unreachable. The attack is thought to have been in retaliation for government action to restrict trading in ... China's Central Bank - The People's Bank of China (PBOC) said in a statement on its website that last week it met with nine of the country's smaller bitcoin exchanges to discuss risks and problems ...