Bermuda Post

Wednesday, Oct 20, 2021

Chinese regulators unite forces to crack down on crypto

Chinese regulators unite forces to crack down on crypto

The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.
The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption in China, including promoting stronger inter-departmental coordination in cracking down crypto activity.
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