PBOC

Bitcoin Falls Again After China Central Scrutiny
Bitcoin Falls Again After China Central Scrutiny
January 11, 2017  |  Bitcoin

It’s déjà vu all over again – and perhaps even a little bit of we sort of told you so. Bitcoin’s value dropped farther yesterday (Jan....

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Answers From China On Bitcoin’s Drop
Answers From China On Bitcoin’s Drop
January 10, 2017  |  Bitcoin

Last Friday (Jan. 6) was tough for bitcoin users around the world. Values that had soared to near record highs fell 23 percent, then recovered...

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Is China Restricting Foreign Banks X-Border Business?
Is China Restricting Foreign Banks X-Border Business?
December 31, 2015  |  International

The suspension of two foreign banks by the Chinese government from doing at least some cross-border business in yuan until at least March 2016 begs...

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China Loosens Up On Foreign Payment Networks
China Loosens Up On Foreign Payment Networks
November 11, 2015  |  International

When it comes to imposing stringent licensing restrictions on foreign bank card providers, it seems as though China is taking a more relaxed attitude. A...

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Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
Chinese Central Bank Whacks Third Party Wallets Over Bad Practices
September 17, 2014  |  International

China’s central bank has punished four payment processors for mishandling bank-card transactions. The processors — ChinaPNR, Fuiou, Yeepay and VBill — will stop doing business...

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