From mining to software: China's regulatory crackdown on crypto continues
Cointelegraph
Published Jul 06, 2021 03:40PM ET
Updated Jul 06, 2021 05:40PM ET
Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders.
In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People's Bank of China issued a warning to all financial institutions and payment service providers to not provide any crypto-related services to customers. This includes not permitting businesses to advertise or provide office space for any “virtual currency-related business activities.”
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Written By: Cointelegraph
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