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Bitcoin exchanges in China are considering ways to escape the PBOC crackdown on Bitcoin. Huobi, one of the largest Bitcoin exchanges in China, said that it might move its operations overseas in order to continue its services and protect customers. Huobi’s founder and chief...

Defying PBOC warnings, hundreds of people attended China’s first Global Bitcoin Summit in Beijing. Speaking about a Bitcoin ban in China, the organizer of the event, Li Xiaolai, a venture capitalist and Bitcoin advocate, told the South China Morning Post, “Thailand has already...

An independent news website based in California called the China Digital Times, has recently published leaked censorship instructions made by Chinese government officials to the Chinese media. The government agency, which was not named, told the Chinese media to take down, or...

China’s largest bank, the Industrial and Commercial Bank of China (ICBC), has announced the banning of any Bitcoin trading related activity. This move has joined ICBC with around 10 other Chinese banks that have reacted following the PBOC’s Bitcoin crackdown. According to the...

Bitcoin has been hit once again by the Chinese regulatory hammer as the crackdown gets stronger, due to the warnings issued by People’s Bank of China. On twitter, BTC China, one of the most vocal and prominent Chinese Bitcoin exchanges, tweeted: Dear users, Due to...

After the People’s Bank of China announced stricter rules with Bitcoin towards the end of April, Bitcoin companies in China have been facing problems. FXBTC, a small Bitcoin exchange in China, is the latest to announce shutting down. The company’s decision to shut down was...

As a result of the recent PBOC rebuking remarks about banks still funding BTC China, the Chinese Bitcoin exchange company has halted RMB Deposits. The PBOC clarified its position on Bitcoin a few days ago and explained its stance, “The current level of services that banks and...

The past few days seemed like the calm before the storm where, starting on April 15, we were all waiting to see if the PBOC would ban or further restrict Bitcoin. CoinReport got its hands on the translated version of the Caixin article which detailed the events of the PBOC’s most...

A few weeks ago, OKCoin, a Bitcoin exchange in China, posted on its website that it would stop providing prepaid recharges as per the suspension of its “payment channel.” Just today, OkCoin received a call from China Construction bank that said that it would stop support for...

There have been rumors that the PBOC planned to further restrict Bitcoin usage in China starting April 15th (yesterday). As such, it was expected for Bitcoin price to decrease, however, the opposite happened: Bitcoin price increased to over $500 as per Bitstamp price quote. There...