News Snapshot:
|China's central bank has warned companies against assisting cryptocurrency-related businesses. (Photo by= AFP/INA FASSBENDER)| [Asia News = Reporter Reakkana] China's central bank warned companies on Tuesday (Jul 6) against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions, AFP reported. Beijing has turned a sharp eye on cryptocurrency in recent months while widening its regulatory crackdown on the tech sector. Cryptocurrency trading is banned in China, and authorities have recently closed mines and warned banks to halt related transactions. Financial and payment institutions are instructed not to provide cryptocurrency-related services to customers....
