The latest development in the Chinese Crypto ban has revealed that, as of October 7, over 20 virtual currency companies have suspended services for Chinese users, followed by an absolute withdrawal from the Chinese market, according to local news sources cited by the Chinese Journalist, Colin Wu on Twitter. China Securities Daily: Over 20 cryptocurrency companies announced their withdrawal from the Chinese market. — Wu Blockchain (@WuBlockchain) [October 8, 2021] As People’s Bank of China (PBoC) updated its crypto ban guidelines by the end of last month in lieu of rectifying the “virtual currency hype”, many crypto businesses began shutting…