News Snapshot:
China Ready to Get Tough with Crypto Crackdown Enforcement After the bluster, the real Chinese crypto crackdown is set to begin – with regulators, courts and law enforcement agencies now looking at how to implement the terms of last month’s tumultuous joint declaration on cryptoasset-related activities. The watershed declaration was authored by the central People’s Bank of China (PBoC) and called on companies in the country to take punitive measures against crypto-trading customers. It also warned overseas platforms targeting Chinese customers that they could face penalties. Similar statements have been made in the past, but the crypto mining, hardware and...
