China abandons cryptocurrencies under the PBoC (this time it’s for real) – Central Banking


































































China abandons cryptocurrencies under the PBoC (this time it’s for real) – Central Banking



china-flag

The mining and trading of crypto assets in China has experienced a crackdown since mid-May. Financial institutions and payment companies were banned from providing services related to cryptocurrency transactions; and investors were warned against speculative crypto trading. These further escalated into a clampdown on bitcoin mining and trading activities by China’s supreme financial regulatory body, the State Council’s Financial Stability and Development Committee, leading to the arrest of over

You are currently unable to copy this content. Please contact [email protected] to find out more.

Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News