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Author Topic: [2017-09-13]the PBOC Monopolizes Currency Issuance  (Read 1630 times)
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September 13, 2017, 09:29:32 AM

Reporters of Shanghai Securities News have confirmed with sources close to regulatory authorities that Chinese exchanges will be shut down and officials have questioned the legality of relevant exchanges. Caixin, China Securities News and Sina Finance have reposted the news.
PBOC Counsellor Sheng Songcheng told journalists that in the future, the PBOC remains the dominant role in the society of digital currencies or even a cashless society.
Bitkan announced last night that they will suspends OTC services on Sep 14th in the context of regulatory uncertainty. PZ, convener of China Bitcoin Roundtable posted last night that both bitcoin exchanges and information intermediaries will be shut down.
An industrial player revealed that China Securities Regulatory Commission(CSRC) and the PBOC have different thoughts on whether exchanges should be shut down.
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