Hellbent On Destroying Bitcoin: China Shuts Down More Companies Enabling ‘Crypto Trading Activities’

Two financial watchdogs in Beijing, the Beijing Local Financial Supervision and Administration Bureau and the Business Management Department of China’s Central Bank (PBoC) are shutting down firms that offer cryptocurrency-related services that enable crypto-trading. According to their joint statement, both regulators are implementing the crackdown on virtual currency transactions as per a directive by the […]