SHANGHAI (Reuters) – China's central bank launched on Friday a fresh crackdown on cryptocurrency trading in the financial hub of Shanghai, after Beijing's promotion of blockchain technology reignited interest in virtual …
China's government banned cryptocurrency exchanges from conducting operations within its borders last year. (See also: China's Cryptocurrency Exchanges Are Officially Dead). … According to the publication, “many people turned to overseas platforms to continue participating in virtual currency transactions” after the ban.
China appears set to crack down on crypto trading again after President Xi Jinping's praise for blockchain tech revived speculation in the sector.
There have been reports that cryptocurrency exchanges in China will soon be legal and regulated according to leaked documents.
BTCC is China's second largest Bitcoin exchange and the longest-running Bitcoin exchange in the world. You can fund … Back in 2017, Chinese cryptocurrency exchanges accounted for more than 90% of global cryptocurrency trading. But the …
China has waged war on domestic cryptocurrency trading activities since 2017. Here is how the approach changed in 2019.
Cryptocurrency investors better not take their eyes off China, even after regulators there started to crack down on digital assets.
Although exchanges that allow users to buy Bitcoin and Ether with fiat money were banned, trading had remained rampant in China through over-the-counter platforms or services that deal with cryptocurrency assets only.
The fact that, despite the ban, the Chinese continue to trade with cryptocurrencies is therefore known to PBoC, although in particular, it seems that the central bank is hurling itself mainly against those platforms that advertise …
China dampens blockchain fever with cryptocurrency trading crackdown. October speech by Chinese President Xi Jinping triggered surge in speculation; China's central bank warns of 'severe disruption' to economic and …