News Snapshot:
Some Chinese Crypto Websites ‘Still Operational,’ Says State Media Some Chinese sites are “still selling” crypto, raising funds in tokens like bitcoin (BTC) and ethereum (ETH), and circulating crypto-related news stories from within the Mainland, a report has claimed, citing evidence from government-aligned agencies. Per the state-owned news agency Xinhua, recent proclamations from the central People’s Bank of China (PBoC) and government organs have “clarified that virtual currency-related business activities classify as illegal financial activities,” and that parties who “produce or circulate marketing and publicity for overseas virtual currency exchanges must be held accountable in accordance with the law.” Xinhua...
