China Bitcoin Exchanges Huobi said they have received NO notice from PBOC. Business as usual.
http://finance.jrj.com.cn/2014/03/27101116938690.shtml dated 3/27/2014 10:11am Beijing time (3/26 10:11pm US EDT) In this report, the reporter claimed he called a person in charge of Huobi and BTCTrade CEO, both denied they have received any notice from PBOC. Currently, they are doing business as usual.
Huobi, OKCoin and BTCC, the three leading bitcoin exchanges in China, have all stated that they do not believe the ban will be approved and are not even sure if it is the actual plan of PBoC.
This is the best tl;dr I could make, original reduced by 70%. (I'm a bot)
The daily trading volume of the Chinese bitcoin exchange market has nearly doubled that of the US bitcoin exchange market, surging above 45,000 bitcoins. Immediately after the imposition of strict regulations and policies on bitcoin trading platforms in 2016, investors stopped trading bitcoin at a premium rate within the Chinese exchange market. One important indicator of the Chinese bitcoin market's recovery which investors must acknowledge is the rapidly growing trading volume of the Chinese exchange and over-the-counter markets. In contrary, bitcoin has recovered to over $4,200 today, with the Chinese bitcoin exchange market demonstrating high trading volumes and US investors moving bitcoin price upwards. Momentum is rebuilding in China, despite the ongoing bitcoin exchange ban talks and the PBoC's supposed introduction of plans to suspend bitcoin exchanges indefinitely. According to bitcoin market data provider Coin Dance, demand toward bitcoin in over-the-counter and peer-to-peer bitcoin markets such as LocalBitcoins has actually increased over the past two weeks.
Local Chinese publications reported last month that the People’s Bank of China (PBOC) will issue regulatory guidelines for Chinese bitcoin exchanges in June. However, last week, the bank reportedly dispelled the rumor and confirmed that no bitcoin regulations will be released this month.
Local Chinese publications reported last month that the Peoples Bank of China (PBOC) will issue regulatory guidelines for Chinese bitcoin exchanges in June. However, last week, the bank reportedly dispelled the rumor and confirmed that no bitcoin regulations will be /r/bitcoin_uncensored
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