Also Read: Over The Counter Bitcoin Economy In China Booms Despite Warnings
China’s central bank has announced that set of clampdowns on all type of cryptocurrencies and cryptocurrency trading is to be implemented this year.
Fan Yifei, the deputy governor of the central bank said in his speech at the 2018 national teleconference on currency and bullion that China will be seen stepping up its system reform and innovation, and hence, will be pushing forward the research and development of its own digital currency. Fan also now there is going to be some crackdowns in order to target the cryptocurrency trading scams and money laundering.
Also Read: Over The Counter Bitcoin Economy In China Booms Despite Warnings
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.