[2017-01-06]China’s PBOC Inquires China’s BTCC, OKcoin, and Huobi

[hl5460]

6th January 2017, 18：46  Beijing Time, China’s PBOC issued an announcement about its inquiry of “major heads” of a “major shanghai-based Bitcoin Exchange” and of “Beijing based Bitcoin exchanges”. PBOC Shanghai inquired BTCC while PBOC Beijing inquired Okcoin and Huobi respectively.

http://news.8btc.com/breaking%EF%BC%9Achinas-pboc-inquires-chinas-btcc-okcoin-and-huobi

[Kprawn]

Well if this helps to prevent another Mt Gox, then we should encourage a little oversight. After all, they said : " We have urged BTCC to

conduct self-examination based on related laws and correct, if any, possible irregularities. " .....so they not forcing the situation. I hope they

take this seriously and respect the laws of their country. The US government was not this polite with Coinbase, so I bet this would be received

much better by the heads of these exchanges. 

[InvoKing]

Bitcoin is a specific virtual goods. It is not law-based and compulsory like currency thus does not have the legal status as a currency. It shall not, should not be circulated as a currency in the market.

Specific virtual goods but not a currency... So we can buy/sell it with fiat but cannot trade it with a coffee or pizza or what?

BTCC, huobi, OKcoin account for 90% of the global Bitcoin trading.

Thoses Chinese have all da money

till now no “ban” is  given, no restrictive measures have been mentioned officially

And they will not...ban the Internet!

[Daltonik]

The Huobi exchange decided to leave China before Beijing once again tightened the regulation of the cryptocurrency industry. The company also ruled out the possibility of further work in the country. At the shareholders' meeting on September 24, the founders and investors of Huobi unanimously supported the withdrawal from the Chinese market. https://www.bloomberg.com/news/articles/2021-10-05/china-s-biggest-crypto-platform-knows-there-s-no-going-home?sref=AACmJ2tc

Earlier, Huobi announced the termination of registration of new users in mainland China and announced that it would delete existing accounts by December 31, 2021. https://www.bloomberg.com/news/articles/2021-09-25/crypto-exchange-stops-taking-china-users-as-beijing-widens-ban