China’s six-month banking crackdown on bitcoin-related businesses has resulted in huge headaches for the entire cryptocurrency community. Due to the People’s Bank of China strangling of local bitcoin exchanges’ access to the country’s banking system, there is significant doubt about the future of bitcoin in mainland China. Many smaller exchanges, such as FXBTC, have already […]

BTC China CEO and Bitcoin Foundation board-member elect Bobby Lee thinks China may be blocking bitcoin-related sites. Speaking with CoinDesk today, Lee said that he’s hearing regular reports of users being unable to access websites such as Coinbase, Blockchain and BTC-e in otherwise normal browsing sessions. Lee reports that the “locking of these websites seems […]

Citing new regulatory pressures on bitcoin-related banking, Chinese bitcoin exchange FXBTC announced it will be closing down next week. Although bitcoin exchanges remain legal in the country, the People’s Bank of China (PBoC) has been pressuring the country’s banks to close the accounts of bitcoin business, leaving users with no easy way to deposit or […]