PBoC reiterates that cryptocurrency-related activities are illegal

Market news

24 September 2021

PBoC reiterates that cryptocurrency-related activities are illegal

Financial institutions and non-bank payment institutions are not allowed to offer services related to virtual currencies
Overseas crypto exchanges must not provide services to mainland investors
Workers of foreign crypto exchanges will be investigated
We will strengthen monitoring of risks from cryptocurrency trading
We will strengthen management of information on internet about cryptocurrencies
We will severely punish illegal financing activities related to cryptocurrencies

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