SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?


To: w0z who wrote (3784)9/24/2021 12:08:34 PM
From: Elroy  Read Replies (1) | Respond to of 4212
 
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.

cnbc.com

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.