China Central Bank Cracking Down on Cryptocurrency Trading

Chinese government officials are announcing plans to continue a crackdown on cryptocurrency trading and speculation.

What happened: In a statement released on Saturday, the People’s Bank of China says it will “maintain high pressure on virtual currency trading hype.” Noting that the central bank has been “severely cracking down on illegal activities of virtual currency” this year and will continue supervising financial platforms operating in the country.

Decrypt reports that the…

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