The messages about the possible restricting of the cryptocurrency regulation were sent from the e-mail of one of the employees of the People’s Bank of China, but the information turned out to be a fake.
Many US media were invited to a joint press conference of the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA), which supposedly had to announce new measures to fight with “all the ways and methods of trading bitcoin in China and in Hong Kong. “
It was written in the letter that both regulators at the conference on the 14th of February will announce the introduction of new measures to counteract the use of cryptocurrency services by both retail investors and legal entities, including prohibiting mining and trading crypto-exchange platforms.
In response to a request from the media, PBOC and HKMA responded that they did not plan any of such events. An employee of the People’s Bank of China branch in Hefei, whose e-mail the messages were sent from, said that his e-mail had been hacked.
According to the South China Morning Post, hackers hoped to manipulate the cryptocurrency market with the help of such information, since the market has traditionally reacted negatively to reports of tougher cryptocurrency regulation on major Asian markets.