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
PBOC restricted first the banks for facilitating bitcoin transaction and insure bitcoin-related products. Then, later on, they issued a new ban on third-party payment processors from doing a business with bitcoin exchanges. In 2014 banks had to close trading accounts related to bitcoin, but this ban was only applicable to companies, not to private individuals. In 2017 China even made a ... The People's Bank of China (PBOC) renewed its efforts to regulate bitcoin exchanges early this week, outlining a list of rules for bitcoin exchanges. The People’s Bank of China (PBOC) initiated meetings this week with leading bitcoin exchanges in both Beijing and Shanghai. PBOC representatives in Beijing met with OKCoin and Huobi while PBOC representatives in Shanghai met with BTCC.. On the evening of Friday, January 6 in China, the PBOC offices in Beijing and Shanghai both issued statements on the meetings, noting that the “recent ... 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. 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'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 ... 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 ... the PBOC has ordered that all banks end any account that shows signs of crypto trading activity. Previously in September they banned cryptocurrency exchanges and now have taken a step further by ... Last month, the Chinese government, the People’s Bank of China (PBoC), and local financial regulators imposed a nationwide ban on cryptocurrency exchanges. Consequently, the price of bitcoin ... China bans bitcoin, but this time it's different. First, the PBOC bans ICOs. Unexpectedly, exchanges close their doors. In reaction to this news, the price of bitcoin falls down like a grandma ...