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China intensifies crackdown on cryptocurrencies despite being largest network of bitcoin ANI | Updated: May 21, 2021 19:44 IST
Beijing [China], May 21 (ANI): Despite being the world s largest mining work for bitcoin, China has intensified a crackdown on cryptocurrencies by banning institutions and companies from providing cryptocurrency services to customers.
Three financial self-regulatory bodies had issued a joint notice on Tuesday banning financial institutions and payment companies from directly or indirectly providing cryptocurrency services to customers, including accepting the currency as payment, Nikkei Asia reported citing local media.
This came after the Inner Mongolian Autonomous Region, which recently started a campaign to stamp out cryptocurrency mining in a bid to cut carbon emissions, had announced on the same day that it had set up a platform for residents to report illegal projects .
ChinaInner-mongolian-autonomous-regionNei-mongolNetherlandsArgentinaBeijingItalyCambridgeCambridgeshireUnited-kingdomSpainElon-muskChina intensifies crackdown on cryptocurrencies
ANI
22 May 2021, 00:56 GMT+10
Beijing [China], May 21 (ANI): Despite being the world s largest mining work for bitcoin, China has intensified a crackdown on cryptocurrencies by banning institutions and companies from providing cryptocurrency services to customers.
Three financial self-regulatory bodies had issued a joint notice on Tuesday banning financial institutions and payment companies from directly or indirectly providing cryptocurrency services to customers, including accepting the currency as payment, Nikkei Asia reported citing local media.
This came after the Inner Mongolian Autonomous Region, which recently started a campaign to stamp out cryptocurrency mining in a bid to cut carbon emissions, had announced on the same day that it had set up a platform for residents to report illegal projects .
ChinaInner-mongolian-autonomous-regionNei-mongolNetherlandsArgentinaBeijingItalyCambridgeCambridgeshireUnited-kingdomSpainElon-muskSOURCE / ECONOMY By GT staff reporters Published: Feb 25, 2021 09:25 PM
Wu Xianyan and college student Liang Qiongying promote local tourism via live streaming at Jiache Village, Jiabang Township in Congjiang County of southwest China s Guizhou Province, April 19, 2020. Guizhou, which used to be a provincial-level region with the biggest population of poor people, has lifted more than 9 million people out of poverty since 2012. (Xinhua/Yang Wenbin)
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