News Snapshot:
China Bans Crypto-Related WebsitesChinese regulator bans more than 100 crypto-based websiteAugust 9, 2022The Cyberspace Administration of China (CAC) restricts 105 websites that were dedicated to virtual digital assets.These websites were marketing, publishing and pushing explainers on cross-border currency speculation and crypto mining.In their latest announcement, the regulatory said the social media platform Weibo and Baidu have closed 12,000 illegal accounts such as “ICE Blizzard Entertainment Founder” and “Currency Circle Expert.”The regulatory body plans to continue cooperating with relevant departments to strengthen the hunt for illegal financial activities related to crypto.CAC urges users not to participate in virtual currency trading speculation...
