Latest news about: OTC trade

The people’s Bank of China was forbidden to maintain cryptocurrency traders

The people’s Bank of China was forbidden to maintain cryptocurrency traders

The Department of business administration of the people’s Bank of China (PBoC) has published a document that obliges companies providing financial services to discontinue service to any transactions related to digital currencies. According to Securities Times, the people’s Bank of China requires that a company providing financial services conducted an internal investigation and found no… More

Chinese state TV: OTC bitcoin trade violates the law

Chinese state TV: OTC bitcoin trade violates the law

OTC (peer to peer) trading bitcoin could violate Chinese law. At least, so say the leading China Central television (CCTV). This view was expressed on channel Financial Channel this week, during a discussion of the recent rise of the price of bitcoin above $ 10,000. Recalling the growth of the OTC business in China as… More