Regulatory · December 5, 2013
China's PBOC bans financial institutions from BTC
Price at event
$1,090
Today
$73,594
Since then
×67.5
First state-level prohibition by a major economy. Prefigures a decade of recurring China bans, each treated as terminal by the press, none of which were.
⸺ Sources ⸺
- newsCoinDesk: China Bans Payment Companies from Working With Bitcoin Exchanges (Dec 16, 2013) — references the Dec 5 PBOC notice barring banks from Bitcoin ↗
- referenceWikipedia: Legality of cryptocurrency by country or territory — 'On 5 December 2013, PBOC... prohibiting financial institutions from handling bitcoin transactions' ↗