News Snapshot:
- Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies. - The world’s number one digital asset by market capitalization dropped over 5% to below $42,000. - Other cryptocurrencies followed the declining trend with ether dropping 10% to below $2,800, while dogecoin crashed over 8% to below $0.20. The People’s Bank of China announced plans to ban financial institutions, money companies and internet enterprises from facilitating cryptocurrency trading, as well as to strengthen monitoring of risks from cryptocurrency business activities. Chinese regulator reiterated its rigid stance on digital currencies today, declaring all...
