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Why China banned Cryptocurrency Transactions and Exchanges?
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China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative crypto trading.
Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrencies, such as registration, trading, clearing and settlement.
China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.
#Bitcoin
#cryptocurrency
#CryptoNews
#cryptotrading
#cryptocurrencyNews
#China
#Ethereum
Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrencies, such as registration, trading, clearing and settlement.
China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.
#Bitcoin
#cryptocurrency
#CryptoNews
#cryptotrading
#cryptocurrencyNews
#China
#Ethereum
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