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China is getting more and more aggressive about crypto, here’s the proof

Jakarta, CNBC Indonesia China again gave a stern warning to perpetrator cryptocurrency. China’s Central Bank warned companies against helping crypto-related businesses on Tuesday (6/7/2021).

On the same day, Beijing’s central bank ordered the closure of software company Beijing Qudao Cultural Development, on charges of being involved in providing software services for transactions. cryptocurrency.

“The measure is necessary to prevent and control the risk of speculation in virtual currency transactions, and protect the safety of public assets,” it said in a statement. Reuters.

The Central Bank also warned organizations not to “provide premises, commercial displays, advertisements … and other services for related business activities” cryptocurrency.”

Financial and payment institutions instructed not to provide related services cryptocurrency to customer.

The announcement came shortly after provinces including Sichuan, Inner Mongolia and Qinghai closed crypto mines and followed earlier warnings for banks and payments giants to stop crypto-related transactions.

China bans trade cryptocurrency. This digital currency has become a popular means of payment in illegal gambling activities. Nearly 13% of gambling sites support the use of virtual currency, and technology blockchain has made it difficult for authorities to trace the money.

[Gambas:Video CNBC]

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