Last Updated on February 7, 2024 by Paganoto
Currency and control: why China wants to undermine bitcoin
Currency and control: why China wants to undermine bitcoin
In May, the PBOC banned banks from doing business or providing accounts for anyone trading in cryptocurrencies.
Why China Is Cracking Down on Bitcoin
Why China Is Cracking Down on Bitcoin
China first moved in 2013 to restrict its banks from using Bitcoin as currency, citing concerns its inherently speculative nature threatens the …
China's top regulators ban crypto trading and mining … – Reuters
China's top regulators ban crypto trading and mining … – Reuters
China’s cabinet vowed in May to crack down on bitcoin mining and trading as it sought to mitigate financial risks, without going into details, …
What's behind China's cryptocurrency ban?
What's behind China's cryptocurrency ban?
The People’s Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability. However, …
Why China Is Cracking Down on Bitcoin Mining – TIME
Why China Is Cracking Down on Bitcoin Mining – TIME
Until the recent crackdown, Beijing didn’t support or allow financial institutions to trade cryptocurrencies, but turned a blind eye to mining, …
China's transition to a digital currency does it threaten …
China's transition to a digital currency does it threaten …
by AF Aysan · 2022 · Cited by 3 — Although China has ramped up its attempts to spread its digital currency widely before the winter Olympics in 2022, the government claims that undermining the …
THE RISE OF A SOVEREIGN DIGITAL CURRENCY IN CHINA
THE RISE OF A SOVEREIGN DIGITAL CURRENCY IN CHINA
China’s ban comes as cryptocurrencies become more popular because they lower costs and accelerate transactions by cutting out commercial banks …
Why Governments Are Wary of Bitcoin – Investopedia
Why Governments Are Wary of Bitcoin – Investopedia
Bitcoin can circumvent government-imposed capital controls Governments often institute capital controls to prevent outflows of a currency because exports could …
China's makes all cryptocurrency transactions illegal in blow …
China's makes all cryptocurrency transactions illegal in blow …
Cryptos, including Bitcoin, are not fiat currency and cannot be circulated on the market, the People’s Bank of China said on its website, …
What Will Be the Impact of China's State-Sponsored Digital …
What Will Be the Impact of China's State-Sponsored Digital …
In short, the deposit bases of China’s banks could become much less stable because customers would find it easier to move their money around …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.