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China Bans Payment Companies from Working With Bitcoin Exchanges, Sources Claim

China Bans Payment Companies from Working With Bitcoin Exchanges Sources Claim


A reputable source told CoinDesk that the People’s Bank of China(PBOC) met with most of the top third-party payment companies this morning.

The source said the meeting topic was unrelated to bitcoin, but digital currency became an important part of the discussion.

“PBOC, in no uncertain terms, directed third-party payment companies not to do business with bitcoin exchanges in China,” they explained.

At the moment, these claims are still rumours, as neither the PBOC nor any payment company has issued a statement to confirm what was discussed and what the outcome was. However, our source revealed they got their information from various channels, including those people who were at the meeting.

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China really is cracking down on Bitcoin:

Why? Because Bitcoin is used for money transfers China can't see. 

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