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May 18, 2021 04:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/dahWpMbqOcU/china-bans-financial-payment-institutions-from-cryptocurrency-business
China Bans Financial, Payment Institutions From Cryptocurrency Business
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. From a report: Under the ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement, three industry bodies said in a joint statement on Tuesday. "Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people's property and disrupting the normal economic and financial order," they said in the statement. China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/dahWpMbqOcU/china-bans-financial-payment-institutions-from-cryptocurrency-business
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