News Snapshot:
© Reuters. China bans institutions from cryptocurrency activities Chinese officials are going hard on cryptocurrency. In its latest bout of crypto regulation, financial institutions have been banned from using digital assets in their businesses, either for trading or pricing. A Chinese journalist named Colin Wu made the disclosure. According to him, the new restriction follows a recent increase in the number of altcoin investors emerging in China. Wu asserts that three major Chinese associations linked to the Central Bank of China (PBOC) have asked financial institutions to discontinue the use of cryptocurrencies in their business operations. The said recommendation comes...
