News Snapshot:
The Chinese authorities ordered new crackdown on crypto mining on Friday, banning virtually all crypto trading activities. The People’s Bank of China (PBOC) published a list of prohibited Activities, including some that were previously in the gray area of regulation, while the National Development and Reform Commission (NDRC) put in place a plan to cease mining altogether. In May, the country’s State Council ordered crackdown on crypto mining and trading that sent dozens of crypto companies overseas. trade The “Notice to Further Prevent and Eliminate the Risk of Hype in Virtual Currency Trading” signed by China’s leading financial and cyberspace...
