China regulators urge businesses to avoid cryptocurrency trading

Several regulators in Beijing have warned of the increased risks that ariseIn progresscryptocurrency trading.

Financial Supervision and Administration Service,The People’s Bank of China Business Administration, Banking and Insurance Regulatory Services and the Securities Market Regulatory Authority urged businesses not to mess with cryptocurrency trading.

According to authorities, due to the advancement of technologyblockchain at the state level, cryptocurrency trading volumes have significantly increased. Some platforms deliberately ignore the bans that came into force in 2017.

Because of this, the authorities decided once againrecall that the promotion of cryptocurrency projects and platforms is unacceptable, as well as participation in the cryptocurrency trading business, as well as the provision of services related to them.

A few days ago, the Guangzhou authorities reported that they were able to completely stop on their territory the activities of platforms related to cryptocurrency trading.

</p></p>