Across China, blockchain technology is recognized as an increasingly important development however, bitcoin as a virtual good in China is facing yet another challenge from the Peoples Bank of China PBOC.On May 10, 2017, Chinas top-tier financial media outlet, Caixin, reported that according to a person close to PBOC, PBOC will soon issue a notice of penalties to BTCC, OKCoin and Huobi for irregularities based on its previous inspection in the past few months. The major problems are related to

Source and More information: In China, Bitcoin Faces Tonal Bias as Blockchain Tech Flourishes

Author: CryptScout.com