Posts Tagged: Peoples Bank of China

China's banks must close all bitcoin sites' trading accounts by April 15

China’s banks give deadline for bitcoin exchanges to close their trading accounts (UPDATED)

Update on April 10: China’s bitcoin exchanges are being issued with formal notices stating that their bank accounts must be closed by ...

  • April 10, 2014
  • at 6:05 pm
Read More
China's central bank considering tough regulations on online payments

After last week’s clampdown, China reportedly considering tough regulations on online payments

Late last week, the People’s Bank of China (PBoC) moved to curb the rapid growth of online payments by banning in-person payments made usi...

  • March 18, 2014
  • at 12:56 pm
Read More
Alibaba’s Jack Ma slams monopoly power as banks introduce new curbs on mobile payments

Alibaba’s Jack Ma slams monopoly power as banks introduce new curbs on online payments

Mobile commerce, online savings funds, and QR code-based m-payments are all under threat in China right now. The People’s Bank of China (P...

  • March 24, 2014
  • at 9:41 pm
Read More