It’s been quite a tough time for the cryptocurrency community due to the whole China-against-Bitcoin thing, as a result of which the top cryptocurrency price has fallen.
Still, as reported by wsj.com, PBOC is not done with the regulations and restrictions. Thus, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges.
A broader clampdown will likely include blocking mainland access to websites of foreign Bitcoin exchanges such as Coinbase in the US and Bitfinex in Hong Kong, say people familiar with the matter. <...> Officials communicated the message to several industry executives at a closed-door meeting in Beijing on Friday, according to people who were at the meeting.
Whether this crackdown is a further addition to the already rumored exchange closures remains to be seen.
Bitcoin charts on coinmarketcap.com
As shown, at the time of writing, the Bitcoin price is about $3975, its market capitalization is $65,888,128,237.