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China Has Forever Been a Spicy and Soupy Participant in the Bitcoin (BTC) Space

August 3, 2021
Source: thecurrencyanalytics.com thecurrencyanalytics.com
News Snapshot:
Cryptocurrency News Cryptocurrency News – REAL News ® – TCAT China has banned banks from using bitcoin and banished so-called crypto ‘miners’ from the country. Furthermore, the Central Bank of China recently stated that it would continue to exert its pressure on the crypto market. In addition, the People’s Bank of China recently said that they would supervise financial platform companies to rectify their practices per regulations. They are doing all this to prevent significant financial risk. And further work on decreasing the number of high-risk financial institutions in major provinces in China. The PBOC clarified that their prudent monetary...
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Tags: ban | bank | Bank of China | bitcoin | blockchain | boycott | BTC | China | Chinese | community | crackdown | crypto | cryptocurrency | currency | digital | Economy | energy | finance | financial | fintech | government | IT | legal | Software | technology

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