The People’s Bank of China (PBOC) has further heightened prohibitions on the trading of cryptocurrencies within China following concerns over a resurgence in speculative activity. PBOC said that it had “strictly banned and would resolutely prohibit a range of cryptocurrency-related business activities that are considered illegal financial activity,” in its “Notice on Further Preventing and Disposing of Virtual Currency Trading Speculative Risk” (???????????????????????) released on 24 September. These activities include: – Undertaking business to exchange statutory currency with virtual currency and exchange virtual currencies between themselves – Buying and selling virtual currency as a central dealer – Providing information intermediation…