China plans to ban trading of bitcoin other virtual currencies on domestic exchanges dealing another blow to the $ 150. China " Bans" Bitcoin Again, With Little Effect.Two weeks ago NIFA published a similar declaration about initial coin offerings ( p 11 · China Is Said to Ban Bitcoin Exchanges While Allowing OTC. Chinese regulatory authorities had imposed a ban on initial coin offerings ( ICO) termed it illegal in China in September. The wording of the People' s Bank of China' s edict suggests all cryptocurrency activity is illegal, an eToro China exec tells Business Insider.
p 04, · Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal. There were 43 ICO platforms in China as of July 18, according to a report by the National Committee of Experts on the Internet Financial Security Technology. Sixty- five ICO projects had been completed, the committee said, raising 2.
6 billion yuan ( $ 398 million). PBOC official says China' s centralized virtual currency trade needs to end: source.
China’ s PBOC Will Ban Access to Bitcoin Exchanges in Hong Kong. The People’ s Bank of China’ s Deputy Governor Pan Gongsheng will hold a press conference at 10: 00 a.