China’s Central Bank Tells Alipay And Banks To Crackdown On Cryptocurrencies

were among the financial institutions summoned for a meeting where they were urged to block payment services for any client accounts thought to be involved in cryptocurrency transactions. They were also told to cease offering other services such as account opening, registration and trading for any cryptocurrency-related activities.

“Cryptocurrency transactions and speculative activities have disrupted the normal economic and financial order,” the PBOC said in a statement. “They increase the risks of crimes such as illegal cross-border transfers of assets and money laundering, which severely infringe upon the property safety of the general public.”

Alipay said in a separate statement that it would set up a monitoring system to identify cryptocurrency-related transactions, and any merchants who engage in such activities will be banned from the platform. The four state-owned banks also vowed to strengthen their efforts to monitor cryptocurrency transactions, and prohibit the use of their accounts in such activities. , including bitcoin, ether and dogecoin, plunged after the news. The price of bitcoin sank to two-week low on Tuesday, trading as low as $31,196 at around 8:20 a.m. Hong Kong time, according to CoinDesk.

Source: Digital Coin News (digitalcoinnews.net)

-.-

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him RonelMoses32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China’s Central Bank Tells Alipay And Banks To Crackdown On CryptocurrenciesChina’s central bank has ordered Ant Group and four state-owned banks to step up their clampdown on cryptocurrencies as Beijing intensifies its efforts to eradicate transactions involving bitcoin and other digital currencies. Get outta the crypto world China... 😏
Source: Forbes - 🏆 394. / 53 Read more »

China’s Central Bank Tells Alipay And Banks To Crackdown On CryptocurrenciesChina’s central bank has ordered Ant Group and four state-owned banks to step up their clampdown on cryptocurrencies as Beijing intensifies its efforts to eradicate transactions involving bitcoin and other digital currencies. Get outta the crypto world China... 😏
Source: Forbes - 🏆 394. / 53 Read more »

China Orders Ant Group, State Banks to Root Out Cryptocurrency-Related ActivitiesChinese authorities have stepped up a nationwide campaign against virtual currencies, saying institutions must strictly implement notices and guidelines on curbing risks tied to bitcoin and cryptocurrency fundraising activities. wow
Source: WSJ - 🏆 98. / 63 Read more »

Bitcoin recoups some losses in Asia after plunging on Chinese crackdownBitcoin regained some ground on Tuesday, a day after touching a two-week low after China's central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. Thats great news! Now People in China sold their BTC and now people from different countries bought them! The control is not more China.
Source: Reuters - 🏆 2. / 97 Read more »

Bitcoin struggles to regain ground after plunging on China crackdownBitcoin strained on Tuesday to climb away from a two-week low touched a day earlier when China's central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. China’s obsession with control was inevitable regarding Bitcoin & other cryptocurrencies. The liberal countries will follow once they have their own regulated cryptos
Source: Reuters - 🏆 2. / 97 Read more »

Bitcoin sinks to two-week low as China intensifies crypto mining crackdownBitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency
Source: NBCNews - 🏆 10. / 86 Read more »