News report: Yahoo states that Chinese Central Bank met BTCC after recent price swings. PBOC: Bitcoin is not a currency 01/06/2017
News report: Yahoo states that Chinese Central Bank met BTCC after recent price swings. PBOC: Bitcoin is not a currency 01/06/2017
Reuters reports through Yahoo Finace that the Chinese Central Bank recommends a rational approach for investors and individual users of Bitcoin.
The Shanghai head office of the People's Bank of China said in a notice that the price of Bitcoin showed abnormal fluctuations.
Branch officials of PBOC then were meeting representatives of a large Bitcoin exchange from China, BTCC, and told them to do a self-inspection which is a must according to Chinese law.
The branch officials underlined that Bitcoin is not a currency and cannot be circulated like real currencies.
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Triggers of news article:
Actor: Yawen Chen, Kevin Yao of Yahoo
Contact: Website
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Edit: Head line fixed
nice post :)
thanks man, I think I ripped it :)
nice post
Yes, to be the first feels godly
This is interesting actually. If you read between the lines, it might even hint at a conspiracy to spook the Bitcoin market....... :-)
Create the the bull run that has chinese investors excited, then deflate the price and make an announcement that Bitcoin is not a recommended store of value. I'm a believer in my hastily manufactured conspiracy theory already! :-)