News Snapshot:
Buzz Staff 2021-06-21 Lenders like Industrial and Commercial Bank of China Ltd. and Agricultural Bank of China Ltd. as well as Alipay were summoned to a meeting with central bank authorities, the People’s Bank of China said in a statement. China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to provide services linked to trading of virtual currencies, tightening the reins on the cryptocurrency industry yet again. Apart from being prohibited from providing products or services that assist such activities, the institutions were also ordered to cut off payment channels for crypto exchanges...
