Binance to halt Chinese yuan trading amid Beijing's crypto crackdown

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SHANGHAI : Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world's largest exchange by tra

SHANGHAI : Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector.

China's most powerful regulators last month intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, causing crypto exchanges and service providers scrambling to sever business ties with mainland Chinese clients.

 

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