China-based bitcoin exchange BTCC has publicly commented on statements issued by the country’s central bank.
The People’s Bank of China (PBoC) released twin statements this morning, outlining that it had met this week with representatives from BTCC, as well as Huobi and OKCoin – exchanges which host the majority of global bitcoin trading today – and warned them about remaining in compliance with state laws and regulations.
The digital currency’s price also fell below the $900 mark amid the news.
BTCC said that its representatives “work closely” with officials from the PBoC “to ensure that we are operating in accordance with the laws and regulations of China”.
