The Future Of Crypto In China Gets Bleaker As Over 20 Cryptocurrency Firms Withdraw From The Chinese Market ⋆ ZyCrypto


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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    China’s seriousness with its near blanket ban of all things crypto-related in the country has begun to receive telling reactions from crypto-businesses. According to a report by a local news outlet, as many as 20 virtual currency companies have disclosed that they are ending their operations in China and completely withdrawing from the Asian country following the September 24 regulatory announcement by the People’s Bank of China. While the report notes that its data is incomplete, it highlighted a few of the companies including leading China’s foremost cryptocurrency exchange Huobi, and the current largest Ethereum mining company Spark...