Explainer: What Beijing’s new crackdown means for crypto in China – Reuters
- Date: 19-May-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Explainer: What Beijing’s new crackdown means for crypto in China – Reuters
Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money. read more
Compared with a previous ban issued in 2017, the new rules greatly expanded the scope of prohibited services, and judged that "virtual currencies are not supported by any real value".
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