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China Vows to Continue Strict Crackdown on Crypto Speculation

March 5, 2022
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
(Bloomberg) -- China reiterated it would continue its crackdown on crypto speculation in a call conference, according to a statement from the country’s central bank on Friday. The annual meeting, which is convened by the People’s Bank of China, maps out regulatory priorities for the country’s financial market in the coming year. Heads of local banks, National Internet Finance Association of China, foreign currency settlement and clearing services providers participated the meeting on Tuesday, POBC said in the statement. Beijing carried out one of the most comprehensive crackdowns on crypto trading and mining last May, forcing major crypto exchanges and...
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Tags: bank | Bank of China | Beijing | bitcoin | blockchain | Bloomberg | cash | China | crackdown | crypto | currency | finance | financial | fintech | government | Internet | Internet finance | IT | monitor | PBOC | police | technology | Total

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