|China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities illegal and vowing to crack down on the market.|
In a Q&A posted to its website, the People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said.
But then in the same articles there's this.....
The PBOC said it has also improved its systems to step up monitoring of crypto-related transactions and root out speculative investing.
Does this mean there are zero crypto exchanges in China...Or Hong Kong?
It's strange if this is a nothingburger that the price of Bitcoin and Ether are dropping so much in response.