News Snapshot:
The People’s Bank of China (PBOC) has again criticized bitcoin. The regulator called any activity with cryptocurrency illegal and promised to suppress the crypto market, writes CNBC. ► Subscribe to the telegram channel “Ministry of Finance”: top financial news In the Q&A section on its website, the central bank said that all services for trading, issuing tokens and derivatives for virtual currencies are strictly prohibited. Foreign crypto-exchanges providing services in the PRC are also illegal, the NBK emphasized. “Financial institutions and non-bank payment service providers are not allowed to offer services related to virtual assets,” added the central bank. The...
