Tag: China Bitcoin

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‘Who Holds All the Bitcoin’ List Debunked — Without Cryptographic Proof No BTC Ownership Claim Holds Water

September 28, 2021

A web portal that displays a list of alleged owners of all the bitcoin in the world has been shared a great deal since China cracked down on crypto trading last week. The web portal claims that the Chinese government owns 194,775 bitcoin that reportedly stem from the Plustoken crypto scam. The problem with the…
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China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

September 24, 2021

The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments.…
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