china to step up cryptocurrency crackdown
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China to step up cryptocurrency crackdown

Arab Today, arab today

Arab Today, arab today China to step up cryptocurrency crackdown

China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the
Beijing - Aarb Today

China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media.

China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms registered in the country which allow Chinese to trade overseas, the state-run Securities Journal said Tuesday (Jan 16).

The publication cited an anonymous source close to regulators tackling online finance risks.

The new plan follows China's crackdown on cryptocurrency trading last year, which saw Beijing shut down bitcoin exchanges and ban all initial coin offerings.

But alternative channels for trading cryptocurrencies have popped up, including on social networks like WeChat, QQ and Telegram.

Those online groups facilitating large-scale peer-to-peer trade appear likely to suffer greater scrutiny in the coming months


Read more at https://www.channelnewsasia.com/news/asiapacific/china-to-step-up-cryptocurrency-crackdown-9869252

The international value of bitcoin and other cryptocurrencies has plunged in recent days amid fears of a crackdown in Asia and concerns that many currencies' rapid rise in value last year could reflect an inflating bubble.

At one point on Wednesday, the price of bitcoin on some exchanges had tumbled more than 20 per cent, falling below the US$10,000 mark that the currency broke through in November of last year.

The market movements come just one month after the most valuable cryptocurrency bitcoin broke through the US$20,000 mark in December.

 

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to step up cryptocurrency crackdown china to step up cryptocurrency crackdown

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to step up cryptocurrency crackdown china to step up cryptocurrency crackdown

 



GMT 19:17 2016 Tuesday ,16 August

Chinese Shares Close Mixed Tuesday

GMT 22:29 2018 Monday ,08 January

Bahrain Bourse daily trading report

GMT 09:07 2017 Saturday ,23 December

Tokyo 2020 unveils budget cuts

GMT 13:53 2016 Saturday ,17 September

Protesters rally across Germany against TTIP trade deal

GMT 11:59 2017 Monday ,03 April

Commanding wins for BET13 team

GMT 21:59 2017 Tuesday ,14 February

Bahrain King meets President of Turkey

GMT 02:44 2017 Saturday ,16 December

Pentagon alarmed by uptick in close calls

GMT 14:20 2017 Tuesday ,24 October

Tariq Ramadan denies rape accusations, pledges to sue

GMT 04:19 2017 Sunday ,10 December

The Legal status of 114 persons settled in Qamishli

GMT 14:49 2017 Sunday ,07 May

Polls open in France's presidential election

GMT 09:13 2017 Thursday ,27 April

Trump proposes major tax cuts, 15% corporate rate

GMT 02:58 2017 Sunday ,09 April

Eureka! The secret behind creativity

GMT 07:52 2017 Thursday ,27 April

National Disaster Management drill held
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday