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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Silk Road Stride

Initiatives that extend financial support to infrastructure projects across Asia should help China win business and influence


Issue 85
January, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Silk Road Stride
Initiatives that extend financial support to infrastructure projects across Asia should help China win business and influence
Issue 85
01.01.2015

Subscribe       |       Newsletter        |        FAQ