Caixin OnlineFinance & EconomicsTop Stories Finance PBOC Rule Means Bitcoin Websites in China Must Close, Expert Says
03.27.2014 17:17

PBOC Rule Means Bitcoin Websites in China Must Close, Expert Says

Central bank told banks and payment firms to shut accounts of site operators, a move one analyst says means traders have to leave country
By staff reporters Zhang Yuzhe and Li Xiaoxiao

(Beijing) – The central bank has taken a step that at least one expert says means all bitcoin trading websites in the country must close.

The People's Bank of China (PBOC) renewed its crackdown on bitcoins by requiring banks and payment companies to close all the accounts opened by the operators of websites that trade in the virtual currency by April 15.

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