Another Year, Another Crypto Ban FUD in China

3 dumb things happened within the last hour: — Qiao Wang (@QwQiao) In either case, per the report, the institutions must not provide saving, trust, or pledging services of cryptocurrency, nor issue financial product related to cryptocurrency, the statement by the National Internet Finance Association of China , the China Banking Association , and the Payment and Clearing Association of China added. Per the report, the industry bodies have also warned that "speculative" crypto trading and is "seriously infringing on the safety of people's property and disrupting the normal economic and financial order." Previously, China has banned crypto exchanges and…