PBoC Continues Its Crackdown on Cryptocurrencies in Aggressive Fashion

China remains a very interesting place when it comes to cryptocurrencies. Although the People’s Bank of China has made CNY-based trading impossible, the Bitcoin price hasn’t suffered too much as a result. In fact, the Bitcoin price showed some signs of life this week, even though the PBoC plans a further crackdown. PBoC Isn’t Letting Cryptocurrencies Breathe The constricting attitude by the PBoC in regards to cryptocurrencies has become very apparent over the past few months. After banning CNY-based trading of Bitcoin and altcoins, it now seems the institution is looking for ways to crack down on this industry even further. That is not necessarily