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China intensified a crackdown on cryptocurrency trading, vowing to root out "illegal" activity and banning crypto mining nationwide.
The People's Bank of China (PBOC) said cryptocurrencies must not circulate in markets as traditional currencies and that overseas exchanges are barred from providing services to mainland investors via the internet.
The PBOC also barred financial institutions, payment companies and internet firms from facilitating cryptocurrency trading.
The Chinese government will "resolutely clamp down on virtual currency speculation, and related financial activities and misbehaviour in order to safeguard people's properties and maintain economic, financial and social order," the PBOC said in a statement on its website.
https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/
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Solana Mainnet βBetaβ Suffers Instability as Transactions Get Stuck #security #cryptocurrency #blockchain
https://cryptonews.net/1812515/
