It was alleged that the officials of the Central Bank of China made attempts to increase the scope of the cryptocurrency ban in the country.
Pan Gongsheng, in order to prevent high risks in the market, to the Chinese government; advised the closure of exchanges and institutions, including the prohibition of all crypto currency trading and any activity related to this market. This news sourced from Reuters was also published in the China National News Agency.
Although it is not yet known whether the Chinese Government will comply with this recommendation or when it will implement it, these news; It was interpreted as a sign that China’s strict policies on the crypto money market will increase.
According to the news, the things that Pan Gongsheng want to be banned are as follows: Individuals or institutional money traders
In early September, the Chinese government announced a ban on participation in all ICOs in the country, and strict bans on local exchanges at the point of transition from crypto to state currency.
After this move, China-based crypto money exchanges determined their new methods in money trading from crypto money to crypto money and moved their centers beyond the ocean.
With this move, the Central Bank of China, It is among the news that it aims to completely abolish the crypto money trade in the country by putting pressure on all administrators both at the country level and at the level of local governments.
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