PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

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PBOC Instructs China's Banks to Forbid All Cryptocurrency Related Activities ImmediatelyChina’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and […]

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