China sends out another crypto crackdown warning as it orders a Beijing software maker to shut down


Source: businessinsider.com businessinsider.com

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Florence Lo/Illustration/ReutersChinese authorities have told a Beijing-based software maker to shut down over its suspected involvement with cryptocurrency trading, media reports said Tuesday, a sign the country's authorities are pressing on with their crackdown on digital assets.Beijing Qudao Cultural Development closed its doors on the orders of a Beijing office of China's central bank, which said the company had facilitated crypto transactions via the software services it offered, Channel News Asia reported . The software company's website is no longer accessible as part of the enforcement. The People's Bank of China said in a statement that it took the action...