News Snapshot:
China’s central bank has reiterated its ban on cryptocurrency trading and yesterday said it had ordered a company in Beijing suspected of offering software services for crypto trading to shut down as part of an ongoing nationwide crackdown on the crypto industry. Fast facts - A Beijing office of the People’s Bank of China and a local financial regulator said on Tuesday in a joint [statement] that authorities had ordered Beijing Qudao Cultural Development Co. Ltd. to shut down and deactivate its website. - Beijing Qudao operated a wide range of services, including consulting and marketing services for entertainment professionals,...
