People's Bank of China

2 entries

Event September 3, 2021 Added July 28, 2026 Updated August 2, 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, three years after seizing 194,775 BTC from the PlusToken Ponzi scheme.

Event September 4, 2017 Added February 22, 2026 Updated July 20, 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 miners relocated and trading moved to decentralized platforms.