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Chinese Government Favors Some Exchanges, Sanctions Smaller Operators

Published 12/03/2019, 06:51 AM
Updated 12/03/2019, 08:21 AM
 Chinese Government Favors Some Exchanges, Sanctions Smaller Operators

The Chinese government has a mixed response to crypto exchanges, and there may be a differentiated approach to investigations and sanctions. Larger markets like Huobi have not faced problems, and in general trading has continued in China.

Matthew Graham, CEO of Sino Global Capital, commented on the mixed measures seen in the past weeks.

https://twitter.com/mg0314a/status/1201531003346382851

Leading exchanges may also make the backbone of recently announced “Blockchain Services Network Alliance”, a state-backed organization of crypto-related businesses. Based on Xinhua news agency reports, Huobi China will be one of the first organizations to join the Alliance. The organization w...

This article appeared first on Cryptovest

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