China’s cryptocurrency ecosystem is currently in the throes of turmoil. The lawmakers in the country are still planning to continue a crackdown on cryptocurrency trading and speculation. In fact, the People’s Bank of China [PBoC] said it will keep pressure on the market citing “illicit activities” as a reason behind its move while simultaneously lauding its effort on the aggressive crackdown this year. In an official statement , the central bank of the country that it aims to counter potential financial risks and reduce the number of high-risk financial platforms in key provinces. The People’s Bank of China also reemphasized...