News Snapshot:
Chinese authorities ordered a fresh crackdown on crypto mining and outlawed virtually all crypto trading activities on Friday. The People’s Bank of China (PBOC) posted a list of forbidden activities that included some that were previously in the gray zone of regulation, while the National Development and Reform Commission (NDRC) set out a plan to phase out mining entirely. In May, the country’s State Council ordered a crackdown on crypto mining and trading that sent dozens of crypto companies abroad. Trading The “Notice on Further Preventing and Disposing of the Risk of Hype in Virtual Currency Trading” signed by China’s...
