Posts Tagged ‘BChinese Yuan


It seems that some more Chinese crypto currency exchanges have received notices from their banks and payment processors and the result is again some drop in the Bitcoin and other crypto currency prices as they were just starting to get back up. Following the recent announcement from the exchange Bter now it seems that BTC38, FXBTC and OKCoin have also stopped accepting Chinese Yuan deposits. It seems that another of the Chinese crypto currency exchanges called Huobi could be planning to stop accepting deposits as well. Meanwhile the situation is still not very clear, but with so many exchanges taking action it seems that the People’s Bank of China (PBOC) is really trying to control the boom in crypto currency trading in China. The good news is that after the initial drop in price caused by these news this morning, now we are already seeing the BTC price starting to recover.