The central bank denies banning Bitcoin transactions and reiterates its neutral attitude towards Bitcoin transactions

At about 6 pm today, Sina Weibo account “Caitongshe” said that the People’s Bank of China issued a document requiring the banning of Bitcoin transactions before April 15. Sina.com subsequently reposted the news, causing significant fluctuations in the Bitcoin market. [BitEra’s report on this incident - Editor’s note]

The central bank’s official Weibo account responded that it has not banned Bitcoin trading. The response reads:

[“All Bitcoin transactions will be stopped before April 15” is a false report] Some media reported that “the People’s Bank of China has issued a document on March 18, requiring all Bitcoin transactions to be stopped before April 15” is a false report. The People’s Bank of China’s attitude towards Bitcoin has been clearly stated in the “Notice on Preventing Bitcoin Risks” issued by the People’s Bank of China and five other ministries and commissions.

Investors are advised to pay attention to risks and invest rationally.

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