tag China central bank

PBOC to Boost Coordinated Oversight of Key Financial Firms

EghtesadOnline: China’s central bank said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of the country’s top leaders later this year.
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Publish Date:12/August/2017 | 10:02

Big China bitcoin exchange says no government pressure on outflows

EghtesadOnline: 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 with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows.
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Publish Date:09/January/2017 | 24:33

Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal

EghtesadOnline: Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
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Publish Date:05/September/2017 | 05:28

Bitcoin trading shrivels under Chinese government's glare

EghtesadOnline: Trading volumes at China's three largest bitcoin exchanges have plummeted after the central bank put the virtual currency market under sharper scrutiny a month ago in a move that coincided with official efforts to stem capital outflows.
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Publish Date:10/February/2017 | 24:46

Battered bitcoin slides another 12 percent after China warning

EghtesadOnline: Bitcoin plunged by as much as 12 percent on Friday after China's central bank urged investors to take a rational and cautious approach to investing in the digital currency, which is on track for its heaviest two-day drop in two years.
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Publish Date:07/January/2017 | 05:53