People's Bank of China

Led the seven-regulator order that banned ICOs and shut Chinese crypto exchanges in 2017

2 entries

Event September 3, 2021 Added July 28, 2026 Updated September 25, 2026 Article

China bans new bitcoin mining, then outlaws all crypto business

Bitcoin Institute ↔ People's Bank of China

In September 2021, China's NDRC banned new bitcoin mining and its central bank outlawed all virtual-currency business, two years after seizing 194,775 BTC from the PlusToken Ponzi scheme.

Event September 4, 2017 Added February 22, 2026 Updated September 19, 2026 Article

China bans ICOs and orders crypto exchange closures

CNBC ↔ People's Bank of China

Seven Chinese government regulators jointly banned all ICOs and ordered domestic crypto exchanges shut. Bitcoin's price fell sharply but trading moved to decentralized platforms.