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China Vows To Continue Cracking Down On Crypto ‘Hype’

August 1, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
In brief - The People’s Bank of China said it will continue cracking down on “illicit activities” of crypto and “maintain a high pressure on virtual currency trading hype.” - China barred financial institutions from dealing with crypto in 2017 and kicked out Bitcoin miners earlier this year. - It’s currently working on its own digital currency alternative: the digital yuan. The People’s Bank of China said in a statement Saturday that the central bank will “maintain high pressure on virtual currency trading hype.” The statement comes a day after policymakers set the priorities of the bank for the second...
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Tags: bank | Bank of China | bitcoin | blockchain | China | Chinese | crypto | cryptocurrency | currency | digital | E-CNY | Economy | finance | financial | fintech | government | illegal | IT | mobile | PBOC | property | regulation | Renminbi | report | Yuan

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