News Snapshot:
People’s Bank of China tightens regulations on crypto asset transactions ── bans financial institutions from providing services By Miu Lin on June 21, 2021 Cryptocurrency The People’s Bank of China (PBoC) has instructed major domestic financial institutions to stop engaging in cryptocurrency (cryptocurrency) transactions on the 21st. Banks also stated in a statement that they should not provide services or products such as trading, clearing and settlement of crypto assets. It also states that it is necessary to reliably identify the accounts of cryptocurrency exchanges and over-the-counter (OTC) operators and block settlements related to transactions in a timely manner. The...
