More than a Dozen Cryptocurrency Firms Stop Servicing Chinese Clients


Source: cointrust.com cointrust.com

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More than a Dozen Cryptocurrency Firms Stop Servicing Chinese Clients Many participants in China’s crypto industry have been forced to cease operations because of the country’s ruthless onslaught on the industry. More than 20 Chinese cryptocurrency businesses have shut down their services for Chinese customers as of Thursday, October 7. Colin Wu, a well-known Chinese journalist, stated that these companies have made it clear that they would no longer be present in the Chinese market. China’s central bank, the People’s Bank of China, has recently taken a number of regulatory actions, including (PBoC). Ten government agencies, including the People’s Bank...