By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DaiLy4mativeDaiLy4mative
  • Home
  • News
    • Business
    • Entertainment
    • Education
    • Sports
    • Health
  • TRAVEL
  • Books
  • Biography
Reading: Crypto ban in China: top regulators ban crypto trading and mining, sending bitcoin, rivals tumbling
Share
Notification Show More
Latest News
TrumpArrest Trend On Twitter: Factual Information About Former US President Trump Trend On Twitter
March 22, 2023
Video Guide: Hollywood Top Up Vouchers, how they work, where you can buy them, and where your nearest retailer is!
March 20, 2023
What’s Good About HollywoodBets: Factors That Makes Hollywoodbets a consistent favorite among Bettors over the years
March 20, 2023
How Much Does Bad Bunny Charge For a Show
March 20, 2023
National shutdown: Factual information about the situation in South Africa
March 20, 2023
DaiLy4mativeDaiLy4mative
Watch TV
  • Information
  • Education
  • Books
  • Business
  • COMPANIES
  • Education
  • Health
  • Lyrics
  • News
  • TRAVEL
  • More
    • BANKS
    • MP3 Download
    • News
    • Uncategorized
Have an existing account? Sign In
Follow US

Crypto ban in China: top regulators ban crypto trading and mining, sending bitcoin, rivals tumbling

Crypto ban in China
Crypto ban in China
SHARE
- Advertisement -

Bitcoin may experience a huge drop as China’s top regulators ban crypto trading and mining. China’s most powerful regulators have intensified a crackdown on cryptocurrencies, with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major rivals and pressuring crypto and blockchain-related stocks.

All cryptocurrency-related activity, 10 agencies — including the central bank, financial, securities and foreign exchange regulators has been banned on Friday by Beijing based regulators. The regulators vowed to work together to root out “illegal” cryptocurrency activity.

Crypto ban in China was first initiated in 2014 and 2017 and in May 2021, China banned financial institutions and payment companies from providing services related to cryptocurrency transactions.

Related Article Video Guide: Hollywood Top Up Vouchers, how they work, where you can buy them, and where your nearest retailer is!

The repeated prohibitions highlight the challenge of closing loopholes and identifying bitcoin-related transactions, though banks and payment firms say they support the effort.

- Advertisement -

Friday’s statement is the most detailed and expansive yet from the country’s main regulators, underscoring Beijing’s commitment to suffocating the Chinese crypto market, according to New York University’s law school adjunct professor, Winston Ma.

“In the history of crypto market regulation in China, this is the most direct, most comprehensive regulatory framework involving the largest number of ministries,” he said.

You Might Also Like

Video Guide: Hollywood Top Up Vouchers, how they work, where you can buy them, and where your nearest retailer is!

How to withdraw more than your ATM limit – Navy Federal Credit Union

Heritage Bank suspends ambassadorial Deal With D’Banj Over Rape Case

Nigeria will return to a situation where we can say we are not into recession – CBN

Longrich – How do I get to register in Longrich

TAGGED: Crypto ban in China
Eric September 25, 2021
Share this Article
Facebook Twitter Whatsapp Whatsapp Email Print
Leave a comment

Leave a Reply Cancel reply

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

Latest Post

  • TrumpArrest Trend On Twitter: Factual Information About Former US President Trump Trend On Twitter
  • Video Guide: Hollywood Top Up Vouchers, how they work, where you can buy them, and where your nearest retailer is!
  • What’s Good About HollywoodBets: Factors That Makes Hollywoodbets a consistent favorite among Bettors over the years
  • How Much Does Bad Bunny Charge For a Show
  • National shutdown: Factual information about the situation in South Africa

© Daily4mative. All Rights Reserved.

Removed from reading list

Undo
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Register Lost your password?