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BlockchaINVEST • January 7 - March 11, 2019

At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a…

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Tag: capital controls

China Tightens Capital Controls, BTC-CNY at Fresh Highs

Category: Bitcoin, Finance, News

China Tightens Capital Controls, BTC-CNY at Fresh Highs

The People’s Bank of China (PBOC), announced its plans, viewed as a disguised form of capital controls, regarding the restriction of foreign currency acquisition within the country. The decision comes shortly before the Chinese new year on January 28, a period in which capital outflow and remittance volumes rise substantially. In the past few months, the PBOC and the Chinese…

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