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Shanghai Special: Crypto crackdown fallout and what happens next – Cointelegraph Magazine

August 18, 2021
Source: reporterwings.com reporterwings.com
News Snapshot:
[Crypto currency] Shanghai Special: Crypto crackdown fallout and what happens next – Cointelegraph Magazine The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industry’s leading virtual asset service providers — a term [coined](//www.fatf-gafi.org/publications/fatfrecommendations/documents/public-consultation-guidance-vasp.html) by the FATF to describe exchanges, wallets, custodians and even DeFi platforms. But when it comes to crackdowns on cryptocurrency, few places do it with the effectiveness and experience of the Chinese government. Unlike in the United States, China’s regulators are not having a public discourse about it. Decisions are made behind closed...
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