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People’s Bank of China

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
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20 August, 2021

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms

The Shenzhen branch of the central bank published plans stating that it would bring some 11 companies into line with...
People’s Bank of China ramps up digital currency crackdown
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11 July, 2021

People’s Bank of China ramps up digital currency crackdown

Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies'...
BTC hashrate and price drop as Chinese mining operations shut down
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22 June, 2021

BTC hashrate and price drop as Chinese mining operations shut down

The BTC token price—and more importantly, the network's hash rate—has continued to plummet following a series of Chinese government actions.
China central bank orders banks to cut off all digital currency OTC merchants
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22 June, 2021

China central bank orders banks to cut off all digital currency OTC merchants

China’s central bank has issued a statement ordering commercial banks to cut off all digital currency-related activities, including over-the-counter digital...
China self-regulatory associations ban banks from digital currency transactions
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20 May, 2021

China self-regulatory associations ban banks from digital currency transactions

The three groups believe that digital currencies are disrupting China’s economic order and urged traders to be cautious when investing...
China’s retail giant JD.com pays employees with digital yuan
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30 April, 2021

China’s retail giant JD.com pays employees with digital yuan

JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
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