11-09 02:13 - 'Chinese Central Bank Touches on Crypto Assets for First Time（On November 2, China’s central bank released its China Financial Stability Report 2018. For the first time ever, the PBoC mentioned ICOs...' (cryptonewshub.com) by /u/CryptonewsHub removed from /r/Bitcoin within 3812-3822min
**Why hasn't the PBOC closed down the bitcoin exchanges?** Disallowing margin trading effectively stops the bitcoin exchanges from becoming a de factor casino. Enforcing AML on crypto withdrawals will drive away most uses as bitcoin is only pseudonymous.
I suspect that the only reason for them allowing crypto exchanges to exist in its' cripple form is because they want to retain chip fabrication, bitcoin mining and blockchain technology within China. Perhaps the next mandate will be to compel Chinese mining companies sell their bitcoins only on Chinese exchanges. This in the mistaken belief that it will keep bitcoin mined in China within China. Imagine how this message will come across to the rest of the bitcoin community around the world. Suddenly bitcoin inflation rate becomes localised. It is no longer 1800 bitcoins a day as 1400 will be retained within China. We may see a scramble for bitcoins on a country basis. Price will go to the moon as national exchanges try to outbid one another for the available bitcoins. Will this happen? hmmm
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Posted at: March 20, 2018 at 06:52PM By: #Bitcoin Morning Brief - To talk @Hyperledger not actually being a #Blockchain, Trump on #Venezuela, #PBOC gets a n… https://t.co/jdvkSnDhji Automate your Trading via Crypto Bot : http://ift.tt/2EU8PEX Join Telegram Channel for FREE Crypto Bot: Crypto Signal
Bitcoin Cash 24h $ 270.23 +1.58 +0.59%. Litecoin 24h $ 55.41 +1.89%. Litecoin 24h $ 55.41 +1.03 +1.89%. Cardano 24h $ 0.107974-2.44%. Cardano 24h $ 0.107974-0.002703-2.44%. Bitcoin SV 24h $ 166.41 ... The People's Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank's plans which include integrating digital ... 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. China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China Drafts Law to Recognize Digital Yuan. The People’s Bank of China published a draft law on Friday that gives ... These are as follows: Bitcoin; Bitcoin Cash; Ethereum; Ethereum Classic; Dash; Ripple; Litecoin; Stellar; NEO; and EOS. The motto at eToro is “Cryptos Needn’t Be Cryptic” and the team are always trying to educate users about cryptocurrencies, through blogs, videos and other helpful resources. And to make trading even more straightforward eToro has two pioneering tools – CopyTrader and ...
PBOC/China is Trying to Trick You Outta' Your Bitcoin, Don't Fall For It!
The PBOC is set to launch their coin and it is also rumoured that the South African Reserve Bank (SARB) is set to launch a coin. Well so what is my response and does this even matter. Will ... 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 ... PBOC later strengthened their restrictions prohibiting payment service providers from providing payment solutions to local Bitcoin exchanges. It is currently legal to have and trade Bitcoin in ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Zhou Xiaochuan, the former governor of China’s central bank, discusses the similarities and differences between the U.S. and China.